1700 3rd Avenue E, Owen Sound
Affordable duplex investment opportunity in Owen Sound with built-in upside potential. Situated on a large in-town lot, this property features two spacious three-bedroom units, a walkout basement with future potential, and a detached barn/workshop building with MC zoning the possibilities are interesting. One unit was extensively renovated in 2022 with updated flooring, kitchen, bathroom, and finishes throughout, while the building's electrical system was also completely updated in 2022. This unit is currently rented at $1,600 per month inclusive.The other three-bedroom unit could be vacant on closing, providing an excellent opportunity for an investor to renovate and set market rent, or for an owner-occupier looking to offset living costs. The unit requires updating, including flooring, kitchen improvements, and some ceiling repairs.A unique feature of this property is the existing billboard lease generating approximately $800 per year in additional income. The detached barn/workshop offers additional storage or workspace but will require renovation and updating. The walkout basement adds another layer of potential for buyers looking to maximize the property's utility and long-term value.With strong income potential, a unit ready for improvement, billboard revenue, and multiple opportunities to add value, this property is well suited for investors, contractors, or buyers looking to build equity through renovations. (id:1945)
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Property details for 1700 3rd Avenue E, Owen Sound
- Type
- Multi-family
- Bedrooms
- 5
- Bathrooms
- 4
- Lot Size
- 67.2 x 105 FT
- Stories
- 2
- Basement
- Full, Walk out
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- None
- Exterior
- Brick
- Annual Taxes
- $2,645 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 1700 3rd Avenue E
Active Listings
5
Min Price
$325,000
Max Price
$1,195,000
Avg Price
$777,760
Days on Market
78
days
Sold Listings
1
Min Sold Price
$649,900
Max Sold Price
$649,900
Avg Sold Price
$649,900
Days until Sold
91
days
Neighbourhood Census Data
Owen Sound, Ontario
Population
442
Median Age
35.7
Median Income
$23,424
Dwelling Value
$174,364
Housing Tenure
Owners 44%
Renters 56%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 3,488.6/km²
Avg Shelter Cost: $884/mo
Owners with Mortgage: 62.5%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 47.4%
English only: 94.4%
English and French: 5.6%
Median Household Income: $38,400
Median Employment Income: $23,488
Price History
Listed
June 16, 2026
by Century 21 Millennium Inc.
Current Price
$325,000
-3% from last change
Type
Multi-family
For Sale
Price Changes
3
| Date | Price | Change |
|---|---|---|
| Current | $325,000 | $10,000 (-3%) |
| Sep 22, 2026 | $335,000 | $15,000 (-4.3%) |
| Sep 3, 2026 | $350,000 | $25,000 (-6.7%) |
| Jul 27, 2026 | $375,000 | Listed |
