873 9th Avenue E, Owen Sound

$450,000
873 9th Avenue E

$450,000

New
8d
DetachedBungalow-Raised

873 9th Avenue E, Owen Sound

Total Monthly Obligation $2,494

Beds
3
Baths
1
Park
2
Sqft
700-1100
DOM
8d
Score
20
Yield
5.3%
Cash on Cash
-2.9%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Detached
MLS® Number-X14086586
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-41.79 × 210.96 ft
Listed on site-Oct 15, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$3,644.2 (2026)
Parking-3 - Built-In
Basement-Half
Heating-Forced Air (Propane)
Brokerage-Century 21 Millennium Inc.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Wood , Aluminum Siding
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Owen Sound
Title-Residential Freehold

No agent assigned

Sharp curb appeal, a drive-in garage, and one of the most breathtaking views you'll find in Owen Sound set the tone for this extensively updated 3-bedroom, 1-bathroom home.Inside, the bright, open-concept layout is highlighted by huge front picture windows that take full advantage of the incredible views. The updated kitchen features striking black and white cabinetry, plenty of storage, modern finishes, and an easy flow into the spacious living room.Down the hall are three good-sized bedrooms, including a primary bedroom with direct access to the fully fenced backyard. The bathroom has also been tastefully updated with a tiled tub surround, modern vanity, and updated fixtures.The major components have been taken care of as well, including updated electrical with a new panel, updated plumbing, a new furnace, and new central air. The basement has also been completely spray-foamed for added efficiency.The lower level provides additional living space with a good-sized rec room directly off the garage, a separate laundry area, and its own side entrance. With the separate access and flexible layout, there may even be the possibility of creating an in-law setup or additional living space in the future. A walk-up from the basement leads directly to the private backyard.Move-in ready, extensively updated, and offering great flexibility inside and out, this home combines modern finishes, practical features, sharp curb appeal, and a view that is truly hard to beat.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$360,000
Land Transfer Taxes$5,475
Legal Fees (Est.)
$
Total cash required for closing$96,975

Total Monthly Obligation

$2,494/mo
Mortgage $1,815
Monthly Loss $2,016
Principal$478
Interest$1,338
Property Tax$304
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.9%1
5-Year IRR
8.7%27
10-Year IRR
9.7%
Returns Index
14.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$23,700/yr
NOI
$13,186/yr
Net Cash Flow
-$716/mo
Cash Margin
-36.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
30.6/ 100

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

Comparables

Properties near 873 9th Avenue E

Time

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