1700 3rd Avenue E, Owen Sound ON

About 1700 3rd Avenue E

Affordable duplex investment opportunity in Owen Sound with built-in upside potential. Situated on a large in-town lot, this property features two spacious three-bedroom units, a walkout basement with future potential, and a detached barn/workshop building.One unit was extensively renovated in 2022 with updated flooring, kitchen, bathroom, and finishes throughout, while the building s electrical system was also completely updated in 2022. This unit is currently rented at $1,600 per month inclusive.The other three-bedroom unit could be vacant on closing, providing an excellent opportunity for an investor to renovate and set market rent, or for an owner-occupier looking to offset living costs. The unit requires updating, including flooring, kitchen improvements, and some ceiling repairs.A unique feature of this property is the existing billboard lease generating approximately $800 per year in additional income. The detached barn/workshop offers additional storage or workspace but will require renovation and updating. The walkout basement adds another layer of potential for buyers looking to maximize the property s utility and long-term value.With strong income potential, a unit ready for improvement, billboard revenue, and multiple opportunities to add value, this property is well suited for investors, contractors, or buyers looking to build equity through renovations. (id:56071). Get more information on 1700 3rd Avenue E

Property Features

Features:  Irregular lot size
Rental Equipment:  Water Heater, Furnace
Directions:  Cross Streets: 3rd Ave E & 17th St E. ** Directions: From 10th St E, head north on 3rd Ave E, property on left.
Zoning Description:  MC
Interior Size (Approximate):  1500 - 2000 sqft
Lot (Approximate):  67.2 x 105 FT 67.2 x 105 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / None
Age (Approximate): 
Foundation: Stone
Basement:  Full

Rooms & Sizes

(Approximate)

Dining room Second level 3.79 m x 3.18 m	Kitchen Second level 3.8 m x 3.33 m	Bedroom Second level 3.03 m x 2.57 m
Bathroom Second level 1.69 m x 1.38 m	Bedroom Second level 3.49 m x 1.69 m	Bedroom Second level 4.1 m x 2.84 m
Living room Second level 6.03 m x 2.58 m	Bathroom Second level 2.63 m x 1.57 m	Bathroom Basement 2.17 m x 2.11 m
Family room Basement 7.92 m x 4.38 m	Foyer Main level 1.45 m x 1.2 m	Living room Main level 4.51 m x 2.99 m
Bathroom Main level 3.85 m x 1.32 m	Kitchen Main level 3.79 m x 3.6 m	Primary Bedroom Main level 4.76 m x 3.6 m
Bedroom Main level 3.94 m x 2.89 m