1140 2nd Avenue W, Owen Sound

$419,000
1140 2nd Avenue W

$419,000

New
22d
Duplex2-Storey

1140 2nd Avenue W, Owen Sound

Total Monthly Obligation $2,466

HausQ Valuation Report
Beds
3
Baths
2
Park
3
Sqft
2000-2500
DOM
22d
Score
22
Yield
6.5%
Cash on Cash
1.1%
Cap Rate
4.8%
5Y IRR
16.4%
10Y IRR
15.3%
Property Type-Duplex
MLS® Number-X13851830
Beds-3
Bathrooms-2
Size-2000-2500 sqft
Lot Size-40.72 × 154.17 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Duplex
Age-100+
Taxes-$4,812.52 (2025)
Parking-3 - None
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-Royal LePage Locations North
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Owen Sound
Title-Residential Freehold

No agent assigned

Welcome to 1140 2nd Avenue W, this Victorian red brick duplex offering an great investment opportunity or the perfect canvas to convert back into a grand single-family home. This character-filled property showcases timeless architectural details, including authentic stained-glass windows, original oak pocket doors, and airy 9.5-foot ceilings. The versatile two-unit layout consists of a comfortable one-bedroom, one-bathroom lower apartment with a private walk-out deck, alongside an upper unit with two bedrooms plus a bonus loft area ideal for a home office or media room. Perfectly positioned steps from the scenic Sydenham River, this highly walkable location provides instant access to Owen Sound's vibrant River District shops, artisan dining, and cafés. Enjoy lifestyle-driven living with waterfront trails, Kelso Beach, the Roxy Theatre, the Saturday morning Farmers' Market, and the central transit terminal all right at your doorstep. Rents: Apt 1: $1,200/mo; Apt 2: $1,800/mo.

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

Closing Costs

Mortgage Amount
$335,200
Land Transfer Taxes$4,855
Legal Fees (Est.)
$
Total cash required for closing$90,155

Total Monthly Obligation

$2,466/mo
Mortgage $1,690
Monthly Loss $2,021
Principal$445
Interest$1,245
Property Tax$401
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%24
Cash-on-Cash
-5.6%2
5-Year IRR
11.4%45
10-Year IRR
11.8%
Returns Index
23.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$27,300/yr
NOI
$15,257/yr
Net Cash Flow
-$419/mo
Cash Margin
-18.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
32.4/ 100

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

Comparables

Properties near 1140 2nd Avenue 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.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.