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$ 459,000
Est. payment /mo
Price Dropped by $20K
537 8th ST E #3 Owen Sound, ON N4K 1L7
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Owen Sound
MLS Listing ID X12035639
Style 2-Storey
Bedrooms 5
Building Age 100+
Annual Tax Amount $3,839
Tax Year 2024
Property Sub-Type Triplex
Property Description
Welcome to this timeless 2-story red brick triplex, perfectly situated on the East Side of beautiful Owen Sound! This well-maintained property offers an excellent investment opportunity or a spacious home for multi-generational living. The classic red brick facade exudes character, combining historical charm with modern living potential. Each of the three units has been thoughtfully designed to offer comfort and privacy, boasting its own private entrance and distinct living space. The main floor apartment has been renovated and completely paintedincluding 10 pot-lights, a stackable washer & dryer and a walk in bathtub. This unit features an inviting layout with one generously sized bedroom, a cozy living room, and a well-appointed kitchen. The upper 2 floor apartment has also been recently renovated with solid oak doors and trim. The unit offers an equally comfortable living arrangement, including three bright bedrooms and an updated kitchen with ample storage and a balcony that stretches out along the front of the building. This apartment would make a great principal residence with rental income from the other two apartments. The third unit, tucked away at the lower side of the property, offers a private one-bedroom apartment. This triplex offers incredible versatility for investors or homeowners. Rent out all three units for strong cash flow or live in one while tenants contribute to your mortgage. All windows have been recently replaced as well as a new steel roof. Each apartment has its own breaker panel & hydro meter. With 3 parking spots and close proximity to all amenities, this triplex is a rare find in a prime location. All the existing tenants would love to stay as tenants. Don't miss out on this outstanding opportunity to own a piece of Owen Sound's architectural history while enjoying excellent rental income potential.
Location
State ON
County Grey County
Community Owen Sound
Area Grey County
Rooms
Family Room Yes
Basement Apartment
Kitchen 3
Interior
Interior Features Water Heater
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch
Parking Features Mutual
Pool None
Waterfront Description None
Roof Type Metal
Topography Flat
Lot Frontage 35.0
Lot Depth 208.5
Total Parking Spaces 3
Building
Unit Features Library,Public Transit,Rec./Commun.Centre,School,Park,Hospital
Foundation Stone
Listed by RE/MAX Grey Bruce Realty Inc.