For Sale — $3,990,000
For Sale — $3,990,000
Rare opportunity! This purpose built three storey brick walk up apartment building is located in a quiet residential neighbourhood in beautiful Owen Sound. Backing onto a ravine, this full brick on slab rental complex features 17 - 2bed 1bth apartments, and 6 - 1bd 1bth apartments with balconies. Well maintained,the property has an onsite live in Superintendant. Heating is with a gas boiler system that features a solar panel preheat system (2013). Wiring is aluminum - ESA certificate is available. Property is on municipal water and sewer. Coin op laundry in the building. Property features plenty of outside parking space. Units have been updated between each vacancy. Common areas have been updated with LED lighting, updated flooring (2023), doors replaced (2022), and updated entrance (2022). Balconies are in good condition - engineers report available. One deck will be replaced. Good income with long term tenants. The property is fully leased. Full financials will be provided upon conditional offer.
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Details
Property
1825 6Th Avenue WOwen Sound, Ontario, Canada
N/A
N/A
40509075
Listing provided by
Ron Downs
Royal LePage RCR Realty, Brokerage
HomeLife Bayside Realty Ltd., Brokerage
REALTORS® Association of Grey Bruce Owen Sound
November 8, 2023
Royal LePage RCR Realty, Brokerage
HomeLife Bayside Realty Ltd., Brokerage
REALTORS® Association of Grey Bruce Owen Sound
November 8, 2023
Financial
For Sale$3,990,000
Utilities
Notrue
Natural Gas, Radiator
Municipal
Sewer (Municipal)
Rooms
0N/A
N/A
None
Parking
26.0N/A
N/A
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✓ Dentists
✓ Veterinarians
✓ Pharmacies
✓ Cinemas
✓ Restaurants
✓ Grocery Stores
✓ Liquor, Beer & Wine
✓ Fitness
✓ Pools
✓ Tennis Courts
✓ Ice Rinks
✓ Salon / Spa
✓ Banks
✓ Dry Cleaners
✓ Car Wash
✓ Attractions
✓ Places of Worship
✓ Medical Clinics
✓ Recreation Centres
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Nearby Secondary Schools
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