The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
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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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,624/mo
Mortgage (principal + interest)$1,867
Property taxFrom listing: $9,088/yr$757
Minimum $24,950 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$99,800
Ontario land transfer taxProvincial brackets, no first-time refund$6,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$109,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Owen Sound has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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