March 25, 2024
- 10 min read
502 & 504 9th Street W Owen Sound, Ontario N4K 3P2
$534,900
7 Bedroom
2 Bathroom
2,000 - 2,500 ft2
Window Air Conditioner
Forced Air
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:36109)
Property Details
| MLS® Number | X12446062 |
| Property Type | Multi-family |
| Community Name | Owen Sound |
| Amenities Near By | Hospital, Public Transit, Schools |
| Features | Carpet Free |
| Parking Space Total | 5 |
| Structure | Deck |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 6 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 7 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Status | Insulation Upgraded |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Stone |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fully Fenced, Fenced Yard |
| Land Amenities | Hospital, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 62 Ft ,3 In |
| Size Frontage | 85 Ft ,9 In |
| Size Irregular | 85.8 X 62.3 Ft |
| Size Total Text | 85.8 X 62.3 Ft |
| Zoning Description | R4 |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
INQUIRE ABOUT
502 & 504 9th Street W
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October 06 2025 04:50:04
