863 5th Ave W is a land in Owen Sound, listed for $224,900.
1A wonderful opportunity to build your dream home in a mature, established neighbourhood in Owen Sound.
2Located just half a block from Hillcrest Elementary School and within easy walking distance to the downtown core, this property offers both convenience and community.
3All municipal services are available at the road, making development straightforward and accessible.
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Lots & Land in Owen Sound
About 863 5th Avenue West
A wonderful opportunity to build your dream home in a mature, established neighbourhood in Owen Sound. Located just half a block from Hillcrest Elementary School and within easy walking distance to the downtown core, this property offers both convenience and community. All municipal services are available at the road, making development straightforward and accessible. The lot is level and more than half fenced, providing a great foundation for your building plans. Whether you're ready to start your next project or envisioning your future home, this is an excellent location to bring your plans to life.
Owen Sound land priced at $224,900 — book a tour to see if it fits your search.
Inside 863 5th Ave W
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
863 5th Ave W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X12826276$224,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 863 5th Ave W Compares to the Owen Sound Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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
$1,105
/mo
based on the purchase price of $224,900
$44,980 cash
$179,920 financed
$151,540 total interest
Principal54%$179,920
Interest46%$151,540
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.
For homeowners nearby
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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.
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 26 – Jul 25, 2026: prices down.
Based on 108 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 863 5th Ave W
How much is 863 5th Ave W listed for?
863 5th Ave W is listed at $224,900 (MLS® X12826276). Summitly updates the price as soon as the MLS® record changes.
Has the price of 863 5th Ave W changed?
No — 863 5th Ave W is still listed at its original asking price of $224,900.
How many bedrooms and bathrooms does 863 5th Ave W have?
The listing for 863 5th Ave W doesn't publish its bedroom and bathroom count. It is a lot in Owen Sound.
How much would the monthly mortgage be on 863 5th Ave W?
About $1,105 a month — principal and interest on $224,900 with 20% down ($44,980), 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 863 5th Ave W compare with other homes in Owen Sound?
Its asking price of $224,900 is about 50% 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 863 5th Ave W been sold before?
Summitly has no earlier MLS® sale or lease of 863 5th Ave W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 863 5th Ave W?
863 5th Ave W is in Owen Sound, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 863 5th Ave W been on the market?
238 days — 863 5th Ave W was listed on February 27, 2026.
What is the land transfer tax on 863 5th Ave W?
About $1,974 in Ontario land transfer tax at the asking price of $224,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 863 5th Ave W or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 863 5th Ave W?
The listing for 863 5th Ave W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Owen Sound.
When was 863 5th Ave W built?
The listing for 863 5th Ave W doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
