2245 4th Avenue W, Owen Sound

$385,000
2245 4th Avenue W

$385,000

New
18d
Detached2-Storey

2245 4th Avenue W, Owen Sound

Total Monthly Obligation $2,180

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
18d
Score
46
Yield
8.7%
Cash on Cash
12.6%
Cap Rate
7.3%
5Y IRR
25.8%
10Y IRR
23.2%
Property Type-Detached
MLS® Number-X13861782
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-33 × 165 ft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,019 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-Century 21 Millennium Inc.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Membrane, Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Owen Sound
Title-Residential Freehold

No agent assigned

An almost 2000 sq ft Single Family Home with a new flat roof for under 400k - A rare find! This two-story double brick century home is right across the street from a public park, and only minutes walk from Kelso Beach. 3 bed rooms upstairs, including a large walk-in closet for the main bedroom. Back room on main floor is a potential 4th bedroom. Upgrades over the years include a New Flat Roof, New Silestone Quartz Counter tops, Fence + Gate, 100 amp electric panel, Spray foam insulation in basement, Upgraded insulation on main/upper floor keeping the house warm in the winter, and cool in the summer. It's a rare gem with both size and character!

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

Closing Costs

Mortgage Amount
$308,000
Land Transfer Taxes$4,250
Legal Fees (Est.)
$
Total cash required for closing$82,750

Total Monthly Obligation

$2,180/mo
Mortgage $1,553
Monthly Loss $1,771
Principal$409
Interest$1,144
Property Tax$252
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.9%49
Cash-on-Cash
4.9%22
5-Year IRR
19.8%91
10-Year IRR
18.6%
Returns Index
55.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
46/ 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
$33,600/yr
NOI
$22,721/yr
Net Cash Flow
$340/mo
Cash Margin
12.2%36
Cash Flow Index
36.2/ 100
Risk Profile
Weight: 20%
DSCR
1.2247
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo74
Risk Index
46.4/ 100

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

Comparables

Properties near 2245 4th Avenue W

Time

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