Red-Brick Bungalow with Finished Basement on 7th Ave E

Property details for 466 7th Avenue E, Owen Sound

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 3
Lot Size: 75.2 x 101 FT
Stories: 1
Basement: Finished, Full
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $4,352 (2025)

This red-brick bungalow on 7th Avenue East has a seriously impressive finished basement that's basically a second unit, complete with its own entrance from the backyard, a kitchenette, and a full bathroom down there. The main floor has been reconfigured so the primary bedroom is now a huge retreat with a two-piece ensuite and laundry, while the original three-piece bath still serves the other two beds up top. You're getting 3 bedrooms and 3 baths total across 71.8 x 101 feet of lot, and the updates are substantial: new roof, windows, doors, furnace, insulation, and a concrete driveway with room for four vehicles. Strip hardwood floors run through the main living spaces, and oversized windows flood the place with light. Downstairs, the rec room has a gas fireplace, and there's an office and utility room too, plus updated flooring and paint throughout. The lot is fully landscaped with mature trees and a manicured lawn. You're about a 15-minute walk to Harrison Park and the downtown core, with Georgian College just 1.5 klicks away. Priced at $550,000, which undercuts the nearby median of $649,450, and the property scores an 84 for investment potential. Taxes run $4,352 annually.

About 466 7th Avenue E, Owen Sound — Property Score

Strong Investment

Score: 65/100

Value

Priced 10.2% above area median of $499,000 based on 79 comparable properties nearby 55

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - typical for similarly priced homes 60

3 bathrooms - 1 more than similarly priced properties nearby 72

7,252 sqft lot - a generous lot for the area 78

Location

$32K median household income - below the Canadian average of $70K 46

73% of residents hold postsecondary credentials - a highly educated neighbourhood 82

49% homeownership rate - a renter-majority neighbourhood 64

67% of residents commute under 30 minutes - excellent commuter accessibility 83

2,467/km² population density - a well-balanced suburban area 95

Market

Just listed - area average is 18 days on market 96

-16.8% median price change over 1 month - declining prices in the area 1

89 months of housing supply - 89 active listings with 1 sold last month (buyer's market) 40

Features

4-car garage - more than the area average of 3.8 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.79% effective tax rate ($4,352/yr) - below the Canadian average of ~1% 76

51% renter population - strong rental demand in this area 91

Quality

Condition

Listing

42 photos provided - 24% more than the area average of 34 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.