224 7th Street E
Owen Sound, ON N4K 1H9
- 3Bedrooms
- 2Bathrooms
- 4Parking
- 2000–2500Sq Ft
- $3,057Tax
- 48×103 ftLot Size
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About 224 7th Street E, Owen Sound
Summarized Description
- Legal duplex with rental income potential
- Turnkey condition for first-time buyers
- Open concept living areas with high ceilings
- Gleaming hardwood floors throughout both units
- Recent updates including roof and plumbing
- Flexible closing options available
- Parking available for four vehicles
- Natural light fills both units
GREAT MONEY MAKER AND A SOLID BUILDING!! Legal Duplex! Live in the bottom and rent the top! TURN KEY - Perfect opportunity for a 1st time homebuyer to have the rental income help with the mortgage payments OR a perfect addition to any investment portfolio. Lower level (vacant) offers an open concept Living room/ dining room/ kitchen combo with over 9 foot ceilings and a large bedroom. Upper unit has 2 large bedrooms and a living room that could be used as a 3rd bedroom. Gleaming hardwood floors throughout. This legal duplex is neat as a pin with many recent updates including roof (2011), Plumbing and Wiring (2000) and freshly painted throughout. Both units have laundry facilities. Lower level (Vacant) has access to basement which has living space and/ or storage. Well maintained building with lots of natural light in both units! Flexible closing available. Parking for 4 vehicles! Upstairs Tenant (seasonal student) would like to stay if possible. Could easily be converted to a single family home of an extended family home. Please allow 24 hours notice for showings to notify tenant. Upper 2 bedroom unit is rented for $1600 / month inclusive. Lower 1 bedroom unit is vacant (did rent for $1640/ month incl.) Great tenant - no Tenant Disputes. Tenant always pay on time!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,057
- Land Transfer Tax Fee
- $5,473
- Basement Type
- Partial Basement, Separate Entrance
Interior Features
- Laundry Level
- Main Level
- Interior Extras
- Accessory Apartment, In-Law Suite, In-Law Capability, Water Heater, Primary Bedroom - Main Floor, Guest Accommodations, Storage
- View
- Trees/Woods
- Security Features
- Smoke Detector
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Exterior Extras
- Landscaped, Patio, Porch, Year Round Living
- Pool
- None
- Property Features
- Fenced Yard, Hospital, Library, Rec./Commun.Centre, School, School Bus Route
- Other Structures
- Garden Shed
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
- Approx Age
- 51-99
Construction
- Exterior Finish
- Brick, Vinyl Siding
- Roof
- Membrane, Flat
- Foundation Details
- Stone
- Special Designation
- Unknown
Lot
- Lot Front
- 48.15 ft
- Lot Depth
- 102.66 ft
- Lot Shape
- Irregular
Inclusions
- Inclusions
- all appliances in both units
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Wall Unit(s)
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Yes
- Hydro
- Yes
- Cable
- Yes
- Telephone
- Yes
- Bedrooms
- 3
- Washrooms
- 2
- Kitchens
- 2
- Family / bonus room
- Yes
Room sizes
- Living Room—Main level
- Foyer—Main level
- Dining Room—Main level
- Kitchen—Main level
- Primary Bedroom—Main level
- Kitchen—Second level
- Living Room—Second level
- Bedroom 2—Second level
- Bedroom 3—Second level
Washrooms
- 3-piece, Main
- 3-piece, Second
- Municipality
- Owen Sound
- Neighbourhood
- Owen Sound
- Main cross streets
- From Main Street (2nd Ave.E.) turn East on to 7th Street East, first place on North side of street.
- Zoning
- RS-1 (Legal Duplex)
- Directions
- From Main Street (2nd Ave.E.) turn East on to 7th Street East, first place on North side of street.
- MLS® number
- X13100856
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-06-12
- Listed on
- 2026-05-08
- Days on market
- 35 days
- Possession date
- 2026-06-08
- Possession type
- Immediate
- Co-op commission
- 2% + HST
- Seller
- Listed by
- Keller Williams Home Group Realty
Home Market Value
Current home valuation for 224 7th Street E, Owen Sound, Owen Sound, ON. Listed for $449,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 224 7th Street E, Owen Sound
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$22,495
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $17,096 | $12,552 | $10,708 | $0 |
=Total mortgage | $444,501 | $417,462 | $393,123 | $359,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,170monthly | $2,038monthly | $1,919monthly | $1,757monthly |
Land Transfer Tax
$5,473
$5,473
Around this home
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