2551 9th Avenue E, Owen Sound

$915,000
2551 9th Avenue E

$915,000

New
26d
DetachedBungalow

2551 9th Avenue E, Owen Sound

Total Monthly Obligation $4,607

Beds
4
Baths
3
Park
4
Sqft
1100-1500
DOM
26d
Score
17
Yield
4.6%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.9%
10Y IRR
11.7%
Property Type-Detached
MLS® Number-X13839366
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-50 × 124.06 ft
Listed on site-Sep 27, 2026
Style-Bungalow
Building Type-Detached
Age-0-5
Taxes-$6,489 (2025)
Parking-6 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-CITYSCAPE REAL ESTATE LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Owen Sound
Title-Residential Freehold

No agent assigned

This Double Car Garage Detached Bungalow With WALK OUT BASEMENT Is Less Than 5-Year Old Which Combines Modern Luxury With Functional Design Set Out On An Impressive 6,000 (Approx) Sq Feet Ravine Lot. An Inviting Open Concept Layout Featuring Two Spacious Bedrooms on Main Floor Each With Customized Walk In Closets And Ensuites, Offering Abundant Storage, Organization And Luxury. 2. A Double Door Entry Exposes a Great Elegance And Convenience For Moving In/Out Your Heavy Stuff.3. A Chef's Dream Kitchen Is Outfitted With A Gas Range And All High Brand S/S Appliances. Featured with Custom Built 6'.9" x 6'.9" Pantry Hence To Have Your Extra Groceries & Other Essentials In Your 1st Approach And Leaving Your Kitchen Always Clean. Big Island And Spacious Eatery. Which Is Walk Out To Big Wooden Deck Having Lending To Backyard Too. 4. Two Gas Burning Fireplaces One Installed In Family Rm & Other In Living Rm Offering You A Great Luxury. 5. Main Floor Laundry Room With Plenty Of Cabinets, Closet, A Steel Laundry Sink With Vanity & Counter Top Over The Washer Dryer Provides Added Convenience And Efficiency.6. Garage Entry From Inside With Garage Door Openers Installed Is Nicely Convenient.6. All Exterior Is Stoned Emanates Immense Look.8. The 9'1" ceiling height has another great impact.9. The Basement Is Walkout Having An Ideal Opportunity Of Converting It Into 2nd Family Unit For Excellent Income Potential If Desired. As The Basement Already Consist The Following.1. Walk Out2. 8'8" Ceiling Hight3. 1,395 Sq Ft with 1,116 Sq Ft Completely Finished.4. Two Bedrooms With Legal Sized Windows.5. One Three Piece Washroom.6. Huge Living Room With Plenty Of Full Sized Windows & Installed Gas Burning Fireplace.7. Third Bedroom Measuring 16 x 10 Can Easily Be Partitioned In Utilities Room. GREAT COMMUNITY, GREAT LIVING.

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$
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%
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$
$
(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$732,000
Land Transfer Taxes$14,775
Legal Fees (Est.)
$
Total cash required for closing$199,275

Total Monthly Obligation

$4,607/mo
Mortgage $3,691
Monthly Loss $3,635
Principal$971
Interest$2,720
Property Tax$541
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.9%1
5-Year IRR
8.6%27
10-Year IRR
9.5%
Returns Index
14.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$42,000/yr
NOI
$26,811/yr
Net Cash Flow
-$1,457/mo
Cash Margin
-41.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
19.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2551 9th Avenue E

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