494 16th Street W, Owen Sound

$349,000
494 16th Street W

$349,000

New
22d
Semi-Detached 2-Storey

494 16th Street W, Owen Sound

Total Monthly Obligation $1,984

HausQ Valuation Report
Beds
3
Baths
2
Park
2
Sqft
700-1100
DOM
22d
Score
43
Yield
8.6%
Cash on Cash
12.2%
Cap Rate
7.2%
5Y IRR
25.5%
10Y IRR
23.0%
Property Type-Semi-Detached
MLS® Number-X13851730
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-48 × 92 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$2,416.26 (2025)
Parking-2 - None
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-Royal LePage RCR Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Flat
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Owen Sound
Title-Residential Freehold

No agent assigned

Welcome to 494 16th Street West! Conveniently located on Owen Sound's west side, close to Kelso Beach, waterfront trails, parks, schools, and everyday amenities. This 3-bedroom, 2-bathroom semi-detached home offers a practical layout with plenty of space for comfortable day-to-day living. The main floor features a bright living room, spacious eat-in kitchen, convenient 2-piece bathroom, and main floor laundry. Upstairs, you'll find three bedrooms along with an updated 4-piece bathroom. Outside, the fully fenced backyard provides a great space for kids, pets, gardening, or enjoying time with family and friends. With parking for two vehicles and the waterfront just a short walk or drive away, this home offers a convenient west-end location with plenty to enjoy nearby!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$279,200
Land Transfer Taxes$3,710
Legal Fees (Est.)
$
Total cash required for closing$75,010

Total Monthly Obligation

$1,984/mo
Mortgage $1,408
Monthly Loss $1,614
Principal$370
Interest$1,037
Property Tax$201
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.8%47
Cash-on-Cash
4.3%19
5-Year IRR
19.2%90
10-Year IRR
18.1%
Returns Index
53.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
43/ 100
Poor•Caution

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

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,000/yr
NOI
$20,084/yr
Net Cash Flow
$266/mo
Cash Margin
10.6%29
Cash Flow Index
29.5/ 100
Risk Profile
Weight: 20%
DSCR
1.1944
LTV Ratio
80.0%18
Vacancy Buffer
4.7 mo80
Risk Index
47.4/ 100

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

Comparables

Properties near 494 16th Street W

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Data last updated within the past 24 hours.