397 27th St W is a 2-bedroom, 1-bathroom detached home in Owen Sound, listed for $315,000. It has < 700 sq ft of living space.
1Packed with value and curb appeal, the home offers 679 square feet of low maintenance, carpet free living space.
2Inside, you will find a bright, sunlit living room and a highly functional kitchen with a combined dining area that is ready for cozy weeknight dinners or casual weekend entertaining.
Get ready to fall in love with this cottage blue bungalow, the ultimate exciting opportunity for first time home buyers or clever investors looking for a standout rental property! Packed with value and curb appeal, the home offers 679 square feet of low maintenance, carpet free living space. Inside, you will find a bright, sunlit living room and a highly functional kitchen with a combined dining area that is ready for cozy weeknight dinners or casual weekend entertaining. Featuring two comfortable bedrooms and a full four piece bathroom, the home is designed for max efficiency without sacrificing a single bit of comfort. The backyard is an absolute outdoor dream! Unwind on your private patio and take in a massive 200 foot deep lot featuring raised garden beds ready for your green thumb, plus two storage sheds for all your summer gear and outdoor toys, with the first shed fully equipped with 100 amp power. Location simply does not get better than this. Situated right beside a peaceful local park, you are steps from the popular rail trail, a few minutes walk to Georgian Bay and sandy beaches, and just a short drive to golf courses, marina facilities, and downtown Owen Sound. Complete with a three car driveway and immediate possession available, this irresistible move in ready package offers the ideal entry point into the Grey County lifestyle!
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $450 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 397 27th St W
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
< 700 sq ftas stated on the listing
Parking
3 spaces
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
397 27th St W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,548
/mo
based on the purchase price of $315,000
$63,000 cash
$252,000 financed
$212,250 total interest
Principal54%$252,000
Interest46%$212,250
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Owen Sound
Other 2–4 bed homes for sale in Owen Sound around $315K.
Average days on market43Homes sold in about 43 days on average.
Sale-to-list ratio95.5%On average, homes sold below asking.
Active listings184Homes for sale here right now.
Median vs prior 90 days−0.3%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 108 sales from Jul 24 – Oct 22, 2026 (78 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 397 27th St W
How much is 397 27th St W listed for?
397 27th St W is listed at $315,000 (MLS® X13723464). Summitly updates the price as soon as the MLS® record changes.
Is $315,000 a good price for 397 27th St W?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Owen Sound. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 397 27th St W changed?
Yes — it was first listed at $334,000 and is now $315,000, a drop of $19,000 (5.7%).
How many bedrooms and bathrooms does 397 27th St W have?
397 27th St W has 2 bedrooms and 1 bathroom, with about 700 square feet of living space. It is a detached home in Owen Sound.
How much would the monthly mortgage be on 397 27th St W?
About $1,548 a month — principal and interest on $315,000 with 20% down ($63,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 397 27th St W compare with other homes in Owen Sound?
Its asking price of $315,000 is about 30% below the median sold price in Owen Sound over the last 90 days, $448,750, across 108 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 397 27th St W been sold before?
Summitly has no earlier MLS® sale or lease of 397 27th St W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 397 27th St W?
397 27th St W is in Owen Sound, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 397 27th St W been on the market?
55 days — 397 27th St W was listed on August 28, 2026.
What is the price per square foot of 397 27th St W?
About $450 per square foot: the asking price of $315,000 over the 700 sq ft the listing gives.
Does 397 27th St W have parking or a garage?
Yes — the listing gives 3 parking spaces.
Does 397 27th St W have a basement, and is it finished?
The listing describes the basement as: Unfinished.
