271 7th Street E

Owen Sound, Owen Sound, N4K 1H8

$499,000

Reduced $30,000 from $529,000

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  • 6 bedrooms
  • 3 bathrooms
  • 4 parking
  • 3000-3500 sq ft

Listed 37 days ago · MLS® X13776794

About this home

Exceptional Investment Opportunity: Versatile Duplex in the River District. Maximize your real estate portfolio with this strategically located Duplex, offering an ideal setup for a "house-hacking" owner-occupant or a seasoned investor. The main house features a spacious, functional layout with five bedrooms, 2 bathroom, 2 Laundry rooms, 2 kitchens & 2 living rooms. The separate entrance and layout provide the potential for converting the home into two separate units, providing three units of possible rental income. The home offers an abundant of natural light, and large bedrooms, making it a perfect primary residence while the additional rear unit contributes directly to your mortgage. The back apartment, accessible through the fenced in yard, offers main floor living. This is a 1-bedroom unit, with a bathroom, kitchen, living area & laundry facilities. This property is located steps away from the vibrant Downtown River District. Enjoy immediate access to local boutiques, cafes, and the farmers' market. With its proximity to Georgian College and major transit routes, this location ensures a consistent draw for quality tenants. All room sizes are approximate. Experience the benefits of multi-unit ownership in one of Grey County's most stable rental markets. One unit vacant, One unit will be Vacant Nov1st, 2026, & one unit occupied.

Details

Type
Duplex
Style
2-Storey
Size
3000-3500 sq ft
Lot
63 × 104 ft
Basement
Unfinished
Garage
None
Kitchens
3
Property tax
$4,602 (2025)
Neighbourhood
Owen Sound
Municipality
Owen Sound

Interior

Bedrooms
6 above ground
Bathrooms
1 × 3-piece, 2 × 4-piece
Rooms
15 above ground
Family room or den
No
Fireplace
No
Features
Primary Bedroom - Main Floor

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air, Window Unit(s)
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick, Vinyl Siding
Roof
Shingles
Foundation
Stone
Faces
South

Parking

Total parking
4

Lot

Size
63 × 104 ft

More

Possession
Immediate
Cross street
2nd ave east & 7th Street East

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 3 grocery stores, 13 cafés and restaurants, 8 parks, 3 pharmacies. Nearest grocery: Lawson's (500 m). Nearest park: Charlie Kelly Parkette (250 m).

Schools nearby

Elementary

  • Hillcrest Elementary School
    EQAO: Gr 6 reading 62%, math 22%
    12 min walk
  • Alexandra Community School
    EQAO: Gr 6 reading 69%, math 23%
    1.4 km
  • St. Basil's Separate School Catholic1.6 km

Secondary

  • Owen Sound District Secondary School
    EQAO: Gr 9 math 49%, literacy test 81%
    1.3 km
  • St. Mary's High School Catholic
    EQAO: Gr 9 math 44%, literacy test 80%
    1.4 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N4K

Owners / renters
66% / 34%
Median household income
$69,500
Average age
46
Children under 15
14%
Homes
60% detached, 6% high-rise
Commute by transit
1%
Population
28,975

Languages spoken most at home besides English: Arabic 0.2%, Korean 0.1%, Punjabi (Panjabi) 0.1%, Malayalam 0.1%.

Safety

Crime Severity Index for Owen Sound police: 103 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Royal LePage RCR Realty.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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