Full of charm, character, and investment potential, this solid red brick 2.5-storey home offers over 2,000 square feet of living space and is currently tenanted and operating as a duplex, with two separate living areas. The main floor features a spacious living room, full kitchen, and a bedroom or office space. Upstairs, you'll find three additional bedrooms, a 3-piece bathroom, and a second kitchen, providing a separate living space. The finished attic/loft offers additional flexibility for storage, a home office, bedrooms or creative space. With two separate entrances and a layout suited to multi-unit living, this property presents an excellent opportunity for investors looking to add to their portfolio. Outside, enjoy a private backyard, large deck, classic covered front porch, and driveway parking for up to three vehicles. Located in a mature neighbourhood close to schools, shopping, public transit, and downtown amenities, this property combines timeless character with the potential of an income-generating investment.
6 bedrooms, 2 bathrooms, about 2,000 sq ft, works out to roughly $250 per square foot. Chat with Zara if you'd like a deeper read on whether this duplex fits your budget and timing.
Inside 516 4th Ave E
Every detail from the listing, in one place.
Type
Duplex
Style
2 1/2 Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
3 spaces
Basement
Apartment, Separate Entrance
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Apartment · Separate Entrance
Lot & land
Lot size (sqft)
3605
Listing & possession
Property style
2 1/2 Storey
Property class
Duplex
516 4th Ave E 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
$2,456
/mo
based on the purchase price of $499,999
$100,000 cash
$399,999 financed
$336,904 total interest
Principal54%$399,999
Interest46%$336,904
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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Similar homes for sale nearby in Owen Sound
Other 5–6 bed homes for sale in Owen Sound around $500K.
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−0.6%Compared with Apr 26 – Jul 25, 2026: prices down.
Based on 113 sales from Jul 25 – Oct 23, 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 516 4th Ave E
How much is 516 4th Ave E listed for?
516 4th Ave E is listed at $499,999 (MLS® X14111342). Summitly updates the price as soon as the MLS® record changes.
Is $499,999 a good price for 516 4th Ave E?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 516 4th Ave E changed?
No — 516 4th Ave E is still listed at its original asking price of $499,999.
How many bedrooms and bathrooms does 516 4th Ave E have?
516 4th Ave E has 6 bedrooms and 2 bathrooms, with about 2,000–2,500 square feet of living space. It is a duplex in Owen Sound.
How much would the monthly mortgage be on 516 4th Ave E?
About $2,456 a month — principal and interest on $499,999 with 20% down ($100,000), 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 516 4th Ave E compare with other homes in Owen Sound?
Its asking price of $499,999 is about 12% above the median sold price in Owen Sound over the last 90 days, $447,500, across 113 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 516 4th Ave E been sold before?
Yes — Summitly has 1 earlier MLS® listing of 516 4th Ave E on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 516 4th Ave E?
516 4th Ave E is in Owen Sound, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 516 4th Ave E been on the market?
516 4th Ave E was listed today (October 23, 2026).
What is the price per square foot of 516 4th Ave E?
About $200 to $250 per square foot: the asking price of $499,999 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 516 4th Ave E have parking or a garage?
Yes — the listing gives 3 parking spaces.
Does 516 4th Ave E have a basement, and is it finished?
The listing describes the basement as: Apartment, Separate Entrance.
