562 24th Street W, Owen Sound

$799,900
562 24th Street W

$799,900

New
8d
DetachedBungalow-Raised

562 24th Street W, Owen Sound

Total Monthly Obligation $4,035

Beds
5
Baths
3
Park
4
Sqft
1100-1500
DOM
8d
Score
16
Yield
3.9%
Cash on Cash
-7.8%
Cap Rate
2.9%
5Y IRR
9.4%
10Y IRR
9.8%
Property Type-Detached
MLS® Number-X14086066
Beds-5
Bathrooms-3
Size-1100-1500 sqft
Lot Size-50 × 132.34 ft
Listed on site-Oct 15, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$5,207 (2025)
Parking-6 - Attached
Basement-Walk-Out, Finished, Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-Sutton-Sound Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Stone, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete, Slab
Sewer-Sewer
Possession-Flexible
Neighbourhood-Owen Sound
Title-Residential Freehold

No agent assigned

Welcome to this beautifully maintained 2021 raised bungalow in a desirable west-side location, just steps from the sought-after Keppel-Sarawak School, Kelso Beach and the Georgian Shores Marina. Offering 5 bedrooms, 3 bathrooms and a functional layout ideal for families or those looking for additional space, this newer home checks all the boxes. Situated on a generous 50' x 132' lot, the property features a fully fenced backyard perfect for kids, pets and outdoor entertaining and a 12x12 shed. The main floor offers a bright, open-concept kitchen, dining and living area, with a sliding patio door leading to the rear deck. Three bedrooms include a primary bedroom with ensuite, along with a convenient 2-piece bathroom. The fully finished lower level adds two additional bedrooms, a 3-piece bathroom, walkout access to the backyard and direct access to the attached garage. Complete with natural gas heating, central air conditioning, a Tesla electric car charger and all the modern comforts you would expect from a home built in 2021, this property offers an excellent opportunity to enjoy comfortable, contemporary living in a fantastic west-side neighbourhood close to the waterfront, marina, parks and amenities.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$639,920
Land Transfer Taxes$12,473
Legal Fees (Est.)
$
Total cash required for closing$173,953

Total Monthly Obligation

$4,035/mo
Mortgage $3,227
Monthly Loss $3,186
Principal$849
Interest$2,378
Property Tax$434
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-12.0%0
5-Year IRR
6.2%15
10-Year IRR
7.7%
Returns Index
8.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$30,900/yr
NOI
$18,103/yr
Net Cash Flow
-$1,718/mo
Cash Margin
-66.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.2/ 100

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

Comparables

Properties near 562 24th Street W

Time

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