Welcome to this remarkable commercial retail located in the coveted neighborhood of Owen Sound. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $899,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Located on one of the prime pieces of real estate in town, this multi-use property offers a multitude of possibilities. Currently set up with two residential units (one 2 bedroom, one 1 bedroom), a retail unit of approx. 340 sq ft, and a 30' x 30' detached garage with heat and hydro that was also used previously for retail purposes. Whether you are looking for an investment property, a property that offers home and business in one location, or perhaps a high visibility locale for your existing or future business, this might just be the opportunity you've been looking for. Add in the updated electrical, mechanicals, and plumbing, as well as parking off both 9th Ave E and 16th St E, and this could be the one you've been keeping an eye out for!
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Data-driven valuation for 1602 9th Avenue E, Owen Sound, ON N4K 6S2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Owen Sound.
About Purchasing a Home in Owen Sound, ON
For a property listed at $899,999 in Owen Sound, the legal minimum down payment is $65,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $14,475 for this transaction. As this listing is in Owen Sound (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $14,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.