850 11th Street W Owen Sound, Ontario N4K 3T3

$599,000

Investors and smart buyers will immediately see the immense value offered in this versatile Owen Sound property. Situated on a generous corner lot on 11th Street West, this move-in-ready bungalow is a fully occupied, cashflow positive asset boasting an excellent cap rate with reliable long term leases already in place for both units. The layout features two separate living spaces, offering a total of four bedrooms, two full kitchens, two four piece bathrooms, and new luxury vinyl flooring throughout. The main level provides over 1,000 square feet of finished space, including a bright living room, dedicated dining area, two comfortable bedrooms, and a bonus den. Downstairs, the fully finished basement operates as a complete, self contained accessory apartment with two additional bedrooms, a separate living and dining area, its own kitchen, and a shared laundry room. Both units enjoy their own heat controls, separate shed storage spaces, and included appliances. Outside, the spacious lot features a deck, a partially fenced yard, and an impressive nine total parking spaces, including a two car carport, making tenant parking completely hassle free. Located directly on public transit routes and close to local schools and grocery stores, this low maintenance bungalow presents an exceptional, turnkey addition to any real estate portfolio. Financial details are available upon request. (id:42776)

Property Details

MLS® Number	X13646656
Property Type	Single Family
Community Name	Owen Sound
Amenities Near By	Schools, Public Transit
Parking Space Total	10
Structure	Deck, Shed

Building

Bathroom Total	2
Bedrooms Above Ground	2
Bedrooms Below Ground	2
Bedrooms Total	4
Amenities	Fireplace(s)
Appliances	Water Heater, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator
Architectural Style	Bungalow
Basement Development	Finished
Basement Type	N/a (finished)
Construction Style Attachment	Detached
Cooling Type	None, Window Air Conditioner
Exterior Finish	Brick, Stone
Fireplace Present	Yes
Fireplace Total	1
Foundation Type	Block
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	1
Size Interior	700 - 1,100 Sqft
Type	House
Utility Water	Municipal Water

Parking

Carport
No Garage

Land

Acreage	No
Fence Type	Partially Fenced
Land Amenities	Schools, Public Transit
Sewer	Sanitary Sewer
Size Depth	105 Ft
Size Frontage	125 Ft
Size Irregular	125 X 105 Ft
Size Total Text	125 X 105 Ft
Zoning Description	R1

Rooms

Level	Type	Length	Width	Dimensions
Lower Level	Laundry Room	1.78 m	1.17 m	1.78 m x 1.17 m
Lower Level	Living Room	7.08 m	3.19 m	7.08 m x 3.19 m
Lower Level	Kitchen	3.44 m	2.78 m	3.44 m x 2.78 m
Lower Level	Primary Bedroom	3.53 m	2.7 m	3.53 m x 2.7 m
Lower Level	Bedroom 2	3.22 m	3.06 m	3.22 m x 3.06 m
Main Level	Living Room	5.02 m	3.65 m	5.02 m x 3.65 m
Main Level	Kitchen	4.11 m	3.04 m	4.11 m x 3.04 m
Main Level	Dining Room	2.28 m	1.67 m	2.28 m x 1.67 m
Main Level	Primary Bedroom	4.26 m	3.04 m	4.26 m x 3.04 m
Main Level	Bedroom 2	3.04 m	2.89 m	3.04 m x 2.89 m
Main Level	Den	3.04 m	2.74 m	3.04 m x 2.74 m

https://www.realtor.ca/real-estate/30124003/850-11th-street-w-owen-sound-owen-sound