757 2nd Avenue, Owen Sound, ON
Property Highlights
Welcome to this remarkable office 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 $539,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 24.5 x 202.75 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Iconic Office Building-First time offered for sale in nearly 80 years! Exceptionally well-maintained Professional Office Building formerly known as the Hanbidge and Bowman Building, ideally situated within a Quieter pocket of the Downtown Core. The Main Floor is 2106 sq ft featuring an Impressive & Welcoming Reception Area, Nine Large Executive Offices, a Spacious Lunchroom which can double as a Boardroom, as well a file/storage room. Any of the updated existing office furniture is included in the sale. Six exclusive parking spaces are located at the rear staff entrance and currently designated for main floor use. Abundant street parking is directly in front, with Municipal Parking lots nearby for added convenience and ease of accessibility. The Self-Contained Second Level (1,013 sq ft) boasts a Separate Street Entrance and has previously been leased as two separate units, offering excellent income potential. The front Second Level Unit includes two large rooms suitable for Reception and Workspace plus a Private Office. The Rear Unit offers an Open-Concept work area. This buildings Lower Level is partially finished and includes a 2-piece washroom, additional kitchenette area, and a spotless unfinished utility/storage room. A rare opportunity to own a landmark downtown professional building with flexibility and long-term investment potential. Updates include Second Level Windows (2023), Second Level Entrance (2024), Furnace servicing Lower Level/Main Floor (approx. 6/7 yrs), Furnace servicing Second Level (approx. 8 yrs.)
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Pricing & Value Insights
Data-driven valuation for 757 2nd Avenue E, Owen Sound, ON N4K 2G9
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About Purchasing a Home in Owen Sound, ON
For a property listed at $539,000 in Owen Sound, the legal minimum down payment is $28,900 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 $7,255 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 $7,255.
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