353 11th Street E
Owen Sound353 11th Street E
Owen Sound
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About this home
Great duplex with a solid income. Gross income over $41,000 and has a cap rate of 7%. Net income of $30,000 a year carries the mortgage. Completely renovated in 2021 - all new kitchens, bathrooms, flooring, drywall and roof. New air conditioning in 2024. Main floor offers a large one bedroom unit with 9' ceilings, private laundry, basement storage and private parking at rear of building. Main floor is currently vacant and was rented for $ 1600 inclusive. Second floor contains two large bedrooms, in-unit laundry and private parking at the front of the building. Currently rented for $1850 inclusive. Building has been inspected by fire department and city building officials. Expenses: hydro - $2266, gas -$1537, water/sewer -$1383, taxes - $2311, insurance - $1032. Rear parking is by deeded right of way to private gravel drive.
Facts & features
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Rooms
9 rooms · 2 bathrooms
- Kitchen13′7″ × 7′3″98 sq.ft.
- Living room13′7″ × 16′2″219 sq.ft.
- Bedroom11′4″ × 11′5″129 sq.ft.
- Bathroom11′ × 6′3″69 sq.ft.
- Kitchen11′9″ × 6′3″73 sq.ft.
- Living room13′7″ × 13′9″187 sq.ft.
- Bedroom16′6″ × 7′10″129 sq.ft.
- Bedroom 212′ × 8′8″104 sq.ft.
- Bathroom6′ × 7′42 sq.ft.
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