Affordable duplex investment opportunity in Owen Sound with built-in upside potential. Situated on a large in-town lot, this property features two spacious three-bedroom units, a walkout basement with future potential, and a detached barn/workshop building with MC zoning the possibilities are intere...sting. One unit was extensively renovated in 2022 with updated flooring, kitchen, bathroom, and finishes throughout, while the building's electrical system was also completely updated in 2022. This unit is currently rented at $1,600 per month inclusive.The other three-bedroom unit could be vacant on closing, providing an excellent opportunity for an investor to renovate and set market rent, or for an owner-occupier looking to offset living costs. The unit requires updating, including flooring, kitchen improvements, and some ceiling repairs.A unique feature of this property is the existing billboard lease generating approximately $800 per year in additional income. The detached barn/workshop offers additional storage or workspace but will require renovation and updating. The walkout basement adds another layer of potential for buyers looking to maximize the property's utility and long-term value.With strong income potential, a unit ready for improvement, billboard revenue, and multiple opportunities to add value, this property is well suited for investors, contractors, or buyers looking to build equity through renovations.
Full Property Details
Interior
Bedrooms
5
Total Bedrooms
5
Washrooms
4
Square Footage
1500-2000 sqft
Basement
Walk-Out,Full
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
None
Family Room
Yes
Kitchens
2
Total Kitchens
2
Fireplace Features
No
Bedrooms
5
Total Bedrooms
5
Washrooms
4
Square Footage
1500-2000 sqft
Basement
Walk-Out,Full
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
None
Family Room
Yes
Kitchens
2
Total Kitchens
2
Fireplace Features
No
Exterior
Depth
105.0
Front
67.24
Lot Size
67 x 105.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
None
Garage Spaces
0
Zoning
MC
Depth
105.0
Front
67.24
Lot Size
67 x 105.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
None
Garage Spaces
0
Zoning
MC
Building Description
Style
2-Storey
Home Type
Apartment
Subtype
Duplex
Property Orientation
West
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
2-Storey
Home Type
Apartment
Subtype
Duplex
Property Orientation
West
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
Owen Sound
Community
Owen Sound
Taxes & Fees
Taxes
$2,645 /yr
Tax Year
2026
Occupancy
Owner+Tenant
Taxes
$2,645 /yr
Tax Year
2026
Occupancy
Owner+Tenant
Room Types
Bathroom
-
Dimensions 12.63 x 4.33 feet
54.69 sqft
Bathroom
-
Dimensions 7.12 x 6.92 feet
49.27 sqft
Bathroom
-
Dimensions 8.63 x 5.15 feet
44.44 sqft
Bedroom
-
Dimensions 12.93 x 9.48 feet
122.58 sqft
Dining Room
-
Dimensions 12.43 x 10.43 feet
129.64 sqft
Family Room
-
Dimensions 25.98 x 14.37 feet
373.33 sqft
Foyer
-
Dimensions 4.76 x 3.94 feet
18.75 sqft
Kitchen
-
Dimensions 12.43 x 11.81 feet
146.8 sqft
Kitchen
-
Dimensions 12.47 x 10.93 feet
136.3 sqft
Living Room
-
Dimensions 14.8 x 9.81 feet
145.19 sqft
Living Room
-
Dimensions 19.78 x 8.46 feet
167.34 sqft
Primary Bedroom
-
Dimensions 15.62 x 11.81 feet
184.47 sqft
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