353 11th Street E Owen Sound, Ontario N4K 1V3

$469,000

Great duplex with a solid income. Gross income over $41,000 and has a cap rate of 7%. Net income of $30,000 a year carries the mortgage. Completely renovated in 2021 - all new kitchens, bathrooms, flooring, drywall and roof. New air conditioning in 2024. Main floor offers a large one bedroom unit with 9' ceilings, private laundry, basement storage and private parking at rear of building. Main floor is currently vacant and was rented for $ 1600 inclusive. Second floor contains two large bedrooms, in-unit laundry and private parking at the front of the building. Currently rented for $1850 inclusive. Building has been inspected by fire department and city building officials. Expenses: hydro - $2266, gas -$1537, water/sewer -$1383, taxes - $2311, insurance - $1032. Rear parking is by deeded right of way to private gravel drive. (id:42776)

Property Details

MLS® Number	X12058283
Property Type	Multi-family
Community Name	Owen Sound
Parking Space Total	2

Building

Bathroom Total	2
Bedrooms Above Ground	3
Bedrooms Total	3
Appliances	Water Heater, Dryer, Two Stoves, Two Washers, Two Refrigerators
Basement Development	Unfinished
Basement Type	N/a (unfinished)
Exterior Finish	Brick
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1,100 - 1,500 Ft2
Type	Duplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	83 Ft
Size Frontage	18 Ft ,4 In
Size Irregular	18.4 X 83 Ft
Size Total Text	18.4 X 83 Ft

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Kitchen	3.58 m	1.9 m	3.58 m x 1.9 m
Second Level	Living Room	4.14 m	4.19 m	4.14 m x 4.19 m
Second Level	Bedroom	5.02 m	2.38 m	5.02 m x 2.38 m
Second Level	Bedroom 2	3.65 m	2.64 m	3.65 m x 2.64 m
Second Level	Bathroom	1.82 m	2.13 m	1.82 m x 2.13 m
Ground Level	Kitchen	4.14 m	2.2 m	4.14 m x 2.2 m
Ground Level	Living Room	4.14 m	4.92 m	4.14 m x 4.92 m
Ground Level	Bedroom	3.45 m	3.47 m	3.45 m x 3.47 m
Ground Level	Bathroom	3.35 m	1.9 m	3.35 m x 1.9 m

Utilities

Cable	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/28112334/353-11th-street-e-owen-sound-owen-sound