502 & 504 9TH STREET W

502 & 504 9TH STREET W

502 & 504 9TH STREET W

For Sale

$534,900

Property ID:

 X12446062

Bedrooms
7
Bathrooms
2
Garage
5

Description



This one hits all the right notes: location, condition, and income–with none of the drama. 502 & 504 9th St W is a clean, income-generating up/down duplex in a prime Owen Sound neighbourhood that consistently attracts quality tenants and high rents. With a cap rate of 7.66% and zero headaches, this property does the work for you. Currently bringing in $3,800/month with tenants paying all their own utilities, your only expenses are taxes and insurance. It doesn’t get more hands-off than that. Each unit is separately metered with separate entrances, separate laundry, separate outdoor space, and separate 100 amp electrical panels. The main floor unit offers 5 bedrooms and 1 bathroom, with a private fenced yard, while the upper unit features 2 bedrooms and 1 bathroom with a rooftop deck. Both units have updated plumbing and electrical, and all major capital expenditures are already done: high-efficiency furnace (2021), roof (2020), soffit/fascia/eaves with gutter guards (2025), attic insulation (2025), owned hot water tank (2025), all exterior doors (2025), vinyl flooring (2025)–and every single last window in the whole building is now an energy-efficient vinyl window. Solid stone construction, fully modernized systems, and zero deferred maintenance. Just take over and start making money. This is the kind of property that makes investing feel easy. (id:62834)

Property on Map

Mortgage Calculator

30 Years Fixed, 3.5% Interest
  • Principal and Interest

Similar Properties

Leave a Reply

Your email address will not be published. Required fields are marked *

Compare Properties

Compare
You can only compare 4 properties, any new property added will replace the first one from the comparison.

Hello world!