1591 5th Avenue W, Owen Sound

$399,000
1591 5th Avenue W

$399,000

New
22d
Detached1 1/2 Storey

1591 5th Avenue W, Owen Sound

Total Monthly Obligation $2,281

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
22d
Score
39
Yield
8.4%
Cash on Cash
10.8%
Cap Rate
6.9%
5Y IRR
24.3%
10Y IRR
21.9%
Property Type-Detached
MLS® Number-X13847854
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-32 × 80 ft
Listed on site-Oct 1, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$3,560 (2026)
Parking-3 - Carport
Basement-Walk-Out, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX Grey Bruce Realty Inc.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Metal
Foundation-Stone
Sewer-Sewer
Possession-immed
Neighbourhood-Owen Sound
Title-Residential Freehold

No agent assigned

Delightfully updated 3-bedroom, 1.5-bath home on a quiet street just a short walk to Kelso Beach and nearby parks. Full of charm and character, this move-in ready home features a bright kitchen overlooking the private backyard, convenient main floor laundry, three spacious bedrooms, and plenty of space throughout. The walkout basement offers additional storage space with easy access to the partially fenced backyard. Enjoy privacy and summer barbeques in the awesome backyard, with lots of space for gardens and perennials. Complete with forced air gas heating, central air, and a carport, this home offers comfort, character, and a great location. Enjoy the convenience of being close to schools, shopping, and Owen Sound's beautiful waterfront.

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

Closing Costs

Mortgage Amount
$319,200
Land Transfer Taxes$4,460
Legal Fees (Est.)
$
Total cash required for closing$85,760

Total Monthly Obligation

$2,281/mo
Mortgage $1,609
Monthly Loss $1,858
Principal$424
Interest$1,186
Property Tax$297
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.6%45
Cash-on-Cash
3.3%16
5-Year IRR
18.5%88
10-Year IRR
17.5%
Returns Index
50.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
39/ 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
$33,600/yr
NOI
$22,180/yr
Net Cash Flow
$239/mo
Cash Margin
8.5%22
Cash Flow Index
21.5/ 100
Risk Profile
Weight: 20%
DSCR
1.1540
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo71
Risk Index
43.1/ 100

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

Comparables

Properties near 1591 5th Avenue W

Time

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