740 5th Street E, Owen Sound

$399,900
740 5th Street E

$399,900

Price Change
28d
DetachedBungalow

740 5th Street E, Owen Sound

Total Monthly Obligation $2,246

Beds
3
Baths
2
Park
3
Sqft
< 700
DOM
28d
Score
28
Yield
7.2%
Cash on Cash
5.8%
Cap Rate
5.8%
5Y IRR
20.2%
10Y IRR
18.5%
Property Type-Detached
MLS® Number-X13828476
Beds-3
Bathrooms-2
Size-< 700 sqft
Lot Size-45 × 90 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,097 (2025)
Parking-4 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX Grey Bruce Realty Inc.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Owen Sound
Title-Residential Freehold

No agent assigned

Cute as a button and tucked into one of the most wonderful areas! Nestled in "The Circle" on the east side of town, you will find this charming wartime bungalow, just across the street from the Owen Heights expansive green park and playground, just full of character and charm. The main floor offers 2 spacious bedrooms featuring beautiful original hardwood floors, an updated kitchen open to the bright living area, and simply a warm, inviting feel throughout. The surprisingly spacious lower level adds a third bedroom, family room and kitchenette, making it ideal for a potential granny flat, in-law suite, teen hangout or extra space for the family. Outside, you'll love the oversized detached garage and tons of storage. Forced-air gas heat, central air and all the important updates and conveniences make this a truly move-in-ready home. Set on a lovely street in a wonderful neighbourhood, it's the kind of place that just feels like home. With the Niagara Escarpment and trails nearby, nature is at it's best and ready for you to explore. This is the kind of gem that does not last long!

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

Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,246/mo
Mortgage $1,613
Monthly Loss $1,822
Principal$424
Interest$1,189
Property Tax$258
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.6%33
Cash-on-Cash
-1.2%6
5-Year IRR
14.8%70
10-Year IRR
14.5%
Returns Index
36.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
28/ 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
$28,800/yr
NOI
$18,323/yr
Net Cash Flow
-$86/mo
Cash Margin
-3.6%2
Cash Flow Index
2.4/ 100
Risk Profile
Weight: 20%
DSCR
0.9523
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo73
Risk Index
38.0/ 100

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

Comparables

Properties near 740 5th Street E

Time

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