$ 534,900
-
$534,900
Price -
7
Bed -
2
Bath -
2,000
SqFt
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About the Listing 575303 -
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.
Listing Highlights for 502 & 504 9th St W
Status
Pending
Days on Site
29
Property Type
Multi-Family
MLS ®
X12446062
Year Built
Total Square Footage
2,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 7
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other: Accessory Apartment,Carpet Free,Separate Hydro Meter,Upgraded Insulation,Water Heater Owned,Primary Bedroom - Main Floor,Storage
- Water:
Exterior Details
- Garage Capacity: 2 car
- Roof: Asphalt Shingle
- Others: Deck,Privacy
- Sewer: Sewer
- Parking Features: Private Double
Financial Details
- Tax Amount: $2,903
- Taxes w/Assessments: N/A
- Tax/Property ID: 370740044
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
502 & 504 9th St W Owen Sound, ON N4K 3P2
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