827 2nd Avenue, Owen Sound, ON
Property Highlights
Welcome to this remarkable store w apt/office located in the coveted neighborhood of Owen Sound. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 25.75 x 185.88 ft lot size
- equipped with partial central cooling and highly efficient baseboard heating
Description
Exceptional Main Street Investment Opportunity! Prime location directly across from City Hall, just steps to the Farmers' Market, and situated in the heart of the vibrant River District. The 2,400 sq. ft. main floor offers a partitioned front room, spacious open area, private offices, kitchenette/lunchroom and rear storage. The main level is currently vacant, presenting an excellent opportunity for owner-occupiers or new commercial tenants. The upper levels feature two apartments on the second floor and two on the third floor, all fully rented with reliable tenants. A full unfinished basement provides ample storage and includes two staircases for convenient access. The property main space is heated by a gas-fired mid-efficiency furnace with central air conditioning. Additional highlights include parking for six vehicles at the rear of the building. A rare chance to own a highly visible, mixed-use property in a thriving downtown location.
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Pricing & Value Insights
Data-driven valuation for 827 2nd Avenue E, Owen Sound, ON N4K 2H2
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About Purchasing a Home in Owen Sound, ON
For a property listed at $499,900 in Owen Sound, the legal minimum down payment is $24,995 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,473 for this transaction. As this listing is in Owen Sound (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
