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Listed 13 days ago

643 2ND Avenue E

Owen Sound, Owen Sound

$579,000

Detached|2 1/2 Storey
6 | 3 | 4
About this home

This red brick 2.5 story century home with timeless character is located in one of Owen Sound's most walkable locations, just across the street from Sydenham River and Mill Dam. Perfectly positioned on 2th Street E, this solid built home is just minutes from Harrison Park, downtown shops, coffee spots, and the market. With 6 min walk to Mill Dam, enjoy easy time outdoors any time of year. In the fall, it's also a popular spot to watch the salmon run. The property is a Legal Duplex, zoned Commercial and allows for a multitude of uses. Unit 1 (two bedrooms) is vacant and unit 2 (4 bedrooms)is currently rented at Market Rate of $2,400/month, the new owner may continue to enjoy AAA+ tenants already in place. Two sets of Laundries are installed in the basement. The laundry set for the upstairs unit is equipped with a controller that accepts both coins and digital payments. Two separate hydro meters. Please check the list of recent property capital improvements and upgrades; Floor plans with room dimensions are also attached to the listing. There is an ample parking for 4 cars available at the back of the house and a private spacious backyard. Numerous parking spots are at the street.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size2500-3000 sq. ft.
Property Tax$4,181
Lot Size35 ft x 210 ft
mls© NumberX13810244
Listed ByHOMELIFE FRONTIER REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,964
Property tax
$348
Heat allowance
$150
Housing costs
$3,462 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $115,800
25-yr amortization

Income needed

$107,000

gross annual household income

Payment at 4%
$2,437 / mo
Cash down
$115,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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