516 4Th Avenue
Owen Sound, Owen Sound, N4K 2N2
FOR SALE
$499,999
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6
BEDROOMS 2
BATHROOMS 2
KITCHENS 13
ROOMS X14111342
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Property Description
Full of charm, character, and investment potential, this solid red brick 2.5-storey home offers over 2,000 square feet of living space and is currently tenanted and operating as a duplex, with two separate living areas. The main floor features a spacious living room, full kitchen, and a bedroom or office space. Upstairs, you'll find three additional bedrooms, a 3-piece bathroom, and a second kitchen, providing a separate living space. The finished attic/loft offers additional flexibility for storage, a home office, bedrooms or creative space. With two separate entrances and a layout suited to multi-unit living, this property presents an excellent opportunity for investors looking to add to their portfolio. Outside, enjoy a private backyard, large deck, classic covered front porch, and driveway parking for up to three vehicles. Located in a mature neighbourhood close to schools, shopping, public transit, and downtown amenities, this property combines timeless character with the potential of an income-generating investment.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2025-07-17 | 2025-08-02 | 16 | $399,999 | $365,000 |
Property Features
Separate Hydro Meter, Water Heater, In-Law Capability, In-Law Suite, Mutual
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Property Details
Address
516 4Th Avenue
Community
City
Postal Code
N4K 2N2
Property Type
Duplex, Duplex
Lot Size
35' x 103'
Acreage
3,605.0 Feet
Taxes
$3,964 (2025
Basement
Apartment, Separate Entrance
Exterior
Deck, Porch
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Re/Max Grey Bruce Realty Inc.
Exceptional Investment Opportunity: Versatile Duplex in the River District. Maximize your real estate portfolio with this strategically located Duplex, offering an ideal setup for a "house-hacking" owner-occupant or a seasoned investor. The main house features a spacious, functional layout with five bedrooms, 2 bathroom, 2 Laundry rooms, 2 kitchens & 2 living rooms. The separate entrance and layout provide the potential for converting the home into two separate units, providing three units of possible rental income. The home offers an abundant of natural light, and large bedrooms, making it a perfect primary residence while the additional rear unit contributes directly to your mortgage. The back apartment, accessible through the fenced in yard, offers main floor living. This is a 1-bedroom unit, with a bathroom, kitchen, living area & laundry facilities. This property is located steps away from the vibrant Downtown River District. Enjoy immediate access to local boutiques, cafes, and the farmers' market. With its proximity to Georgian College and major transit routes, this location ensures a consistent draw for quality tenants. All room sizes are approximate. Experience the benefits of multi-unit ownership in one of Grey County's most stable rental markets. One unit vacant, One unit will be Vacant Nov1st, 2026, & one unit occupied.
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