361 12th Street E

Introducing a remarkable opportunity for investors: a Multi-Family Home for sale in Owen Sound , located at 361 12th Street E, Owen Sound. This solid 2.5-storey all-brick multiplex is an astute choice for anyone looking to enhance their property portfolio with a flexible and cash-flow-ready duplex opportunity. This property offers a wealth of features that make it an attractive investment in the thriving community of Owen Sound, situated in Grey County.

The property boasts a total of four bedrooms, providing ample space for occupants. In addition to the bedrooms, there are two den areas, allowing for versatility in usage—ideal for home offices or additional living spaces. The layout of the Multi-Family Home for sale in Owen Sound is designed for efficiency, with two kitchens that facilitate the functionality of the two units. The presence of two hydro meters streamlines management, ensuring that operating costs are clearly separated, which is a significant advantage for any landlord.

The building features a total of 12 rooms, which includes the two additional rooms that can be adapted to suit various needs. The absence of a family room may be seen as a limitation; however, the overall configuration of the property provides a practical living arrangement for tenants. Each unit is equipped with its own heating system, utilising forced air, ensuring comfort throughout the year. It is worth noting that the property does not include air conditioning, a pool, or a fireplace, which may be considerations for potential tenants.

The exterior of the property is constructed of durable brick, offering both aesthetic appeal and longevity. The lot measures 30 x 105 feet, providing a manageable outdoor space that is low-maintenance, making it attractive to tenants and effortless for owners. The absence of a garage may be a consideration for some, but the private driveway allows for parking space for one vehicle, which is often sufficient in urban settings.

Situated in the vibrant community of Owen Sound, the Multi-Family Home for sale in Owen Sound is ideally located near essential amenities. The property benefits from municipal water and sewer services, ensuring reliable utilities for its occupants. While the basement remains unfinished, it presents an opportunity for future development or storage, adding potential value to the property.

This Multi-Family Home for sale in Owen Sound is particularly appealing for those seeking to target long-term tenants, furnished rental strategies, or family-plus-tenant scenarios. The second floor is primed as a standalone rental unit, providing immediate potential for dual-income generation. The strategic layout, combined with the location, makes this property a prime candidate for maximising rental income and long-term appreciation.

Outside, the low-maintenance yard, patio, and gazebo create an inviting atmosphere for tenants, enhancing the overall appeal of the property. Additionally, the extra parking available through Sydenham Apartments adds significant value, particularly in tighter rental markets where parking can be a premium feature.

In summary, if you are in search of a versatile, income-producing asset that offers the potential to optimise rents and add long-term appreciation to your investment portfolio, look no further than this Multi-Family Home for sale in Owen Sound. Priced to move, this property presents a genuine opportunity for savvy investors. Don't miss out on the chance to secure this property at 361 12th Street E, Owen Sound, where the potential for growth and income is real. With its solid structure, strategic layout, and prime location, this is an investment that checks all the boxes.

Owen Sound, nestled at the mouth of the Sydenham River and bordered by the stunning shores of Georgian Bay, offers a picturesque setting for those seeking a tranquil yet vibrant lifestyle. This charming city is characterised by its rich maritime history, with a scenic harbour that serves as a hub for recreational activities and waterfront events. Surrounded by lush natural landscapes, including the nearby Bruce Peninsula and the stunning Niagara Escarpment, Owen Sound provides ample opportunities for outdoor pursuits such as hiking, boating, and fishing. The community boasts a blend of historic architecture and modern amenities, with a welcoming atmosphere that fosters a strong sense of belonging among its residents. Whether you’re drawn to its cultural offerings, local festivals, or simply the beauty of its surroundings, Owen Sound presents a delightful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Hillcrest Elementary School (1.3 km) and East Ridge Community School (1.8 km), both offering grades from JK to 8, with Hillcrest focusing on English and East Ridge providing French language instruction. For secondary education, Owen Sound District Secondary School (1.6 km) offers grades 9 to 12 in French, while St. Mary’s High School (just 0.5 km away) provides an English curriculum for grades 9 to 12. Additionally, St. Basil's Catholic Elementary School (1.9 km) caters to younger students from JK to 3 in a Catholic setting. All schools are part of well-established school boards, including the Bluewater District School Board and the Bruce-Grey Catholic District School Board. This variety of schooling options ensures that families have access to both public and Catholic education, catering to different language preferences and educational needs, all within a reasonable distance from the property.