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Owen Sound, ON N4K 3P2,502 & 504 9th ST W
Owen Sound, ON N4K 3P2,502 & 504 9th ST W
Owen Sound, ON N4K 3P2,502 & 504 9th ST W
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$534,900
Est. payment /mo
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7 Beds
2 Baths
New

502 & 504 9th ST W Owen Sound, ON N4K 3P2

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Nigel Wong

Nigel Wong

+1(647) 549-1865

UPDATED:

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

Listed by Keller Williams Realty Centres

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Nigel Wong

Nigel Wong

Realtor | License ID: 9598315

+1(647) 549-1865

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502 & 504 9th ST W