1945 7th Avenue E, Owen Sound

$525,000
1945 7th Avenue E

$525,000

New
28d
DetachedBungalow

1945 7th Avenue E, Owen Sound

Total Monthly Obligation $2,869

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
28d
Score
23
Yield
6.4%
Cash on Cash
2.2%
Cap Rate
5.1%
5Y IRR
17.3%
10Y IRR
16.1%
Property Type-Detached
MLS® Number-X13827988
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-75.1 × 190.15 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,518.81 (2026)
Parking-4 - Detached
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-Century 21 Millennium Inc.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Stone, Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Owen Sound
Title-Residential Freehold

No agent assigned

Immaculate East Side Bungalow with Huge Detached Garage (15.5'x21') & Workshop (15.5'x14') on a Deep 190' Lot! Bright, clean and move-in ready, this 3 bedroom, 2 bathroom home offers a great layout, comfortable main-level living and an impressive list of updates completed in 2026. Step inside through the charming 3-season front sunroom, a welcoming and functional bonus space. The bright living room features a cozy gas fireplace, while the kitchen offers a natural gas range and flows easily through the home. A beautiful 4-season sunroom adds valuable year-round living space overlooking the backyard, perfect as a second sitting room, family room or quiet place to unwind. Three good sized bedrooms and two bathrooms, including a 4-piece and 3-piece bath, complete the practical layout. Recent updates include new LVP flooring and subfloor, interior doors, trim, fresh paint throughout, lighting, hardware, faucets and electrical outlets, plus a new rear deck and railing. Natural gas forced-air heating, central air and on-demand hot water provide year-round comfort. Outside, the deep 190' lot offers a beautiful backyard with mature trees and plenty of room to enjoy. The impressive detached garage and separate insulated workshop provide exceptional space for vehicles, hobbies, storage and projects, with the main garage wired for 220V and the workshop equipped with a 30-amp sub-panel. Located on a quiet East Side street close to parks, shopping and everyday amenities, this beautifully cared for property offers comfortable, easy living with an exceptional backyard and garage/workshop setup!

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

Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$2,869/mo
Mortgage $2,118
Monthly Loss $2,312
Principal$557
Interest$1,560
Property Tax$377
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.7%3
5-Year IRR
12.8%56
10-Year IRR
12.8%
Returns Index
29.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$21,221/yr
Net Cash Flow
-$349/mo
Cash Margin
-12.5%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
30.2/ 100

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

Comparables

Properties near 1945 7th Avenue E

Time

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