850 11th Street W, Owen Sound ON

About 850 11th Street W

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 two-unit 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:56071). Get more information on 850 11th Street W

Property Features

Appliances:  Water Heater, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator
Rental Equipment:  
Fireplace Total:  1
Directions:  Cross Streets: Alpha St. & 11th St. W. ** Directions: Take 10th St. W and turn north onto 7th Ave. W. Turn west onto 11th St. W. Property will be on the right side on the corner of 11th St. W. and Alpha St.
Zoning Description:  R1
Interior Size (Approximate):  700 - 1100 sqft
Fence:  Partially fenced
Amenities:  Fireplace(s)
Lot (Approximate):  125 x 105 FT 125 x 105 FT
Exterior Finish:  Brick, Stone
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / None, Window air conditioner
Age (Approximate): 
Foundation: Block
Basement:  N/A (Finished) Finished

Rooms & Sizes

(Approximate)

Laundry room Lower level 1.78 m x 1.17 m	Living room Lower level 7.08 m x 3.19 m	Kitchen Lower level 3.44 m x 2.78 m
Primary Bedroom Lower level 3.53 m x 2.7 m	Bedroom 2 Lower level 3.22 m x 3.06 m	Living room Main level 5.07 m x 3.69 m
Kitchen Main level 4.11 m x 2.97 m	Dining room Main level 2.33 m x 1.88 m	Primary Bedroom Main level 4.18 m x 2.98 m
Bedroom 2 Main level 3.01 m x 2.94 m	Den Main level 3.01 m x 2.73 m