502 & 504 9th ST W new Save Request In-Person Tour Request Virtual Tour
Owen Sound,ON N4K 3P2
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Owen Sound
MLS Listing ID X12446062
Style 2-Storey
Bedrooms 7
Annual Tax Amount $2,903
Tax Year 2024
Property Sub-Type Duplex
Property Description
This one hits all the right notes: location, condition, and income--with none of the drama. 502 & 504 9th St W is a clean, income-generating up/down duplex in a prime Owen Sound neighbourhood that consistently attracts quality tenants and high rents. With a cap rate of 7.66% and zero headaches, this property does the work for you. Currently bringing in $3,800/month with tenants paying all their own utilities, your only expenses are taxes and insurance. It doesn't get more hands-off than that. Each unit is separately metered with separate entrances, separate laundry, separate outdoor space, and separate 100 amp electrical panels. The main floor unit offers 5 bedrooms and 1 bathroom, with a private fenced yard, while the upper unit features 2 bedrooms and 1 bathroom with a rooftop deck. Both units have updated plumbing and electrical, and all major capital expenditures are already done: high-efficiency furnace (2021), roof (2020), soffit/fascia/eaves with gutter guards (2025), attic insulation (2025), owned hot water tank (2025), all exterior doors (2025), vinyl flooring (2025)--and every single last window in the whole building is now an energy-efficient vinyl window. Solid stone construction, fully modernized systems, and zero deferred maintenance. Just take over and start making money. This is the kind of property that makes investing feel easy.
Location
Province ON
County Grey County
Community Owen Sound
Area Grey County
Rooms
Family Room Yes
Basement Full,Unfinished
Kitchen 2
Separate Den/Office 1
Interior
Interior Features Accessory Apartment,Carpet Free,Separate Hydro Meter,Upgraded Insulation,Water Heater Owned,Primary Bedroom - Main Floor,Storage
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck,Privacy
Parking Features Private Double
Pool None
Roof Type Asphalt Shingle
Lot Frontage 85.8
Lot Depth 62.29
Total Parking Spaces 5
Building
Unit Features Hospital,Public Transit,Library,School,Fenced Yard
Foundation Stone