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$534,900Asking Price

502 & 504 9th Street W, Owen Sound, ON N4K 3P2

Owen Sound, Owen Sound

Duplex
6 + 1
Bedrooms
2
Baths
5
Parking
Days on Market

This one hits all the right notes: location, condition, and income--with none of the drama. 502 & 504 9th St W is a clean, income-generating up/down duplex in a prime Owen Sound neighbourhood that consistently attracts quality tenants and high rents. With a cap rate of 7.66% and zero headaches, this property does the work for you. Currently bringing in $3,800/month with tenants paying all their own utilities, your only expenses are taxes and insurance. It doesn't get more hands-off than that. Each unit is separately metered with separate entrances, separate laundry, separate outdoor space, and separate 100 amp electrical panels. The main floor unit offers 5 bedrooms and 1 bathroom, with a private fenced yard, while the upper unit features 2 bedrooms and 1 bathroom with a rooftop deck. Both units have updated plumbing and electrical, and all major capital expenditures are already done: high-efficiency furnace (2021), roof (2020), soffit/fascia/eaves with gutter guards (2025), attic insulation (2025), owned hot water tank (2025), all exterior doors (2025), vinyl flooring (2025)--and every single last window in the whole building is now an energy-efficient vinyl window. Solid stone construction, fully modernized systems, and zero deferred maintenance. Just take over and start making money. This is the kind of property that makes investing feel easy.

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This one hits all the right notes: location, condition, and income--with none of the drama. 502 & 504 9th St W is a clean, income-generating up/down duplex in a prime Owen Sound neighbourhood that consistently attracts quality tenants and high rents. With a cap rate of 7.66% and zero headaches, this property does the work for you. Currently bringing in $3,800/month with tenants paying all their own utilities, your only expenses are taxes and insurance. It doesn't get more hands-off than that. Each unit is separately metered with separate entrances, separate laundry, separate outdoor space, and separate 100 amp electrical panels. The main floor unit offers 5 bedrooms and 1 bathroom, with a private fenced yard, while the upper unit features 2 bedrooms and 1 bathroom with a rooftop deck. Both units have updated plumbing and electrical, and all major capital expenditures are already done: high-efficiency furnace (2021), roof (2020), soffit/fascia/eaves with gutter guards (2025), attic insulation (2025), owned hot water tank (2025), all exterior doors (2025), vinyl flooring (2025)--and every single last window in the whole building is now an energy-efficient vinyl window. Solid stone construction, fully modernized systems, and zero deferred maintenance. Just take over and start making money. This is the kind of property that makes investing feel easy.

  OPEN HOUSE

Key Info

  • 2-Storey Duplex
  • 4+ Parking
  • No Garage
  • Top of the hill on the northwest corner of 5th Ave W & 9th St W
  • 2000-2500 Approximate Sq Feet
  • No Ensuite Laundry
  • Forced Air Gas Heating

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $2,903 in 2024
  • Possession: Immediate when assuming tenants

Details

  • Stone Exterior
  • No Fireplace
  • 2 Kitchens
  •  
  • MLS #X12446062
  • Keller Williams Realty Centres

Extras

Room Floor Dimensions Details
Washroom1 4-Piece Bathroom on Main Floor
Washroom1 4-Piece Bathroom on Upper
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Schools
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Public Catholic French
Primary
Middle
Secondary
Primary
Middle
Secondary
French Immersion Public
Commute

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Amenities
This property has no walk score.
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0 Dog Parks
0 Daycares
4 Groceries Hill Farms Market, Owen Sound Farmers Market, Metro
7 Coffee Spots Tim Hortons, Tim Hortons, Birgit's Bakery Cafe
55 Restaurant/Bars Dining, The Tipsy Fox Pub & Grill, Indian Desire Owen Sound
21 Park/Rec/Gyms Rintouls Pools & Hot Tubs, Ladies & Gents Kula Spa, Mymindyoga
0 Hospitals
1 Library Owen Sound Public Library
24 Places of Worship Saint George's Anglican Church, Owen Sound Presbyterian Church, Lutheran Church of Our Savior
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Who lives here?

Owen Sound, Owen Sound is a north GTA neighbourhood.

Families

Kids Per Family

0.9

kids per family
in the neighbourhood.

Owen Sound  (0.9)

Singles

48% of residents are
single and loving it.

48% singles

Owen Sound (48%)

Renters

42% of residents
are renters.

42% renters

Owen Sound (42%)

Education

20% of residents are
university grads.

20% university grads

Owen Sound (20%)

Income

Average Household Income

$82K

is the average household
income in the neighbourhood.

Owen Sound  ($82K)

Professions

Professions
Sales 20%
Trades 9%
Government 8%
Business 6%
Health 6%

Immigrants

7% of residents were
born outside of Canada.

7% immigrants

Owen Sound (7%)

Birthplace - All

UK was once home to 1.8% of immigrants.
India 0.6%
USA 0.4%
Netherlands 0.4%
Germany 0.3%

1.8% from UK
All-time

Birthplace - Recent

India was once home to 0.1% of immigrants.

0.1% from India
Recent

Foreign Languages

Foreign Languages
French 1%
German 1%

Religions

Religions
Christian 62%