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502 9th Street W Owen Sound, Ontario N4K 3P2

6 Bedroom 2 Bathroom 2670 sqft
Wall Unit Forced Air

$519,000

Discover Investment Excellence at 502-504 9th Street Experience a prime opportunity with this charming brick duplex, ideally positioned moments from schools, parks, and the vibrant heart of downtown. Boasting spacious units, extensive upgrades, and impressive rental income, this property is a standout investment or a smart buy for first-time homebuyers seeking additional revenue. Property Highlights: Location: Nestled in a desirable area close to essential amenities and leisure spots. Configuration: Up/down duplex with a total of 6 bedrooms and 2 bathrooms across both units. Outdoor Living: Each unit features its unique outdoor space - a newly built deck for the main floor and a rooftop deck for the upstairs unit, perfect for relaxation or entertaining. Recent Upgrades: Commitment to quality is evident with a new furnace and water heater installed in 2019, a new roof in 2020, and eavestroughs added in 2021. Both units also enjoy updated plumbing and electrical systems, ensuring hassle-free ownership. Income Generating: Currently fetching $3950 in monthly rent plus utilities, presenting a lucrative cash flow opportunity. Utility Enhancements: Shared laundry facilities in the basement, with provisions available to add a second washer and dryer set, offering convenience for tenants Electrical & Safety: The property is modernized with separate 100amp panels for each unit. This duplex exemplifies a blend of vintage charm and modern convenience, yielding an attractive option for investors keen on immediate returns or first-time buyers looking for a property with supplemental income potential. Seize the opportunity to enrich your portfolio with 502-504 9th Street - where investment meets innovation. For inquiries and to arrange an exclusive viewing, contact us today. Propel your investment journey in a location designed for success. (id:42568)

Property Details

MLS® Number 40589344
Property Type Multi-family
Amenities Near By Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features Community Centre, School Bus
Parking Space Total 5
Structure Shed

Building

Bathroom Total 2
Bedrooms Total 6
Basement Development Unfinished
Basement Type Partial (unfinished)
Construction Material Wood Frame
Cooling Type Wall Unit
Exterior Finish Brick, Wood
Foundation Type Stone
Heating Type Forced Air
Stories Total 2
Size Interior 2670 Sqft
Type Duplex
Utility Water Municipal Water

Land

Acreage No
Fence Type Fence
Land Amenities Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 60 Ft
Size Frontage 85 Ft
Size Total Text Under 1/2 Acre
Zoning Description R4

https://www.realtor.ca/real-estate/26895736/502-9th-street-w-owen-sound

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Adam Bendig
Salesperson

(519) 766-3370

Keller Williams Innovation Realty
640 Riverbend Drive, Unit B
Kitchener, Ontario N2K 3S2

(519) 570-4447
www.kwinnovationrealty.com/

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