Space
Finished area and layout
- Building Area
- 5,274 sqft
- Bathrooms
- 5
+38 more
5
Bathrooms
5,274 sqft
Building Area
0.121
Lot
6
Parking
Property Snapshot
Key details for this listing
MLS #X13711250
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
- Ownership
- Freehold
Lot
Land, frontage and setting
About This Property
This 5-bathroom investment in Owen Sound offers 5,274 sqft of building area on a 0.121 lot. The property has zoned C1. The home features partial.
MLS Remarks
**OVER 10% CAP RATE. FULLY TENANTED. $110,000+ IN GROSS ANNUAL INCOME.** At $899,000, the numbers speak for themselves. 314 8th Street East offers immediate cash flow from a substantially improved mixed-use asset in the heart of downtown Owen Sound. Five income streams under one roof. The 5,274 sq. ft. building combines 4 extensively renovated residential apartments with an established main-floor convenience store secured by a long-term commercial lease with contractual annual rent escalations providing diversified income with built-in growth. And here's what separates this one from the typical income property: the heavy lifting has already been done. Significant capital improvements include a full exterior facelift with new metal siding and stone façade (2024), basement waterproofing (2025), updated electrical (2021), insulated garage (2024), on-demand hot water (2023), automatic WiFi-enabled gated private parking (2023), roof (2015), and extensive renovations to all 4 residential apartments between 2019 and 2022. The approximately 2,537 sq. ft. residential component is 100% occupied, while the established commercial tenant anchors the main floor in a high-visibility downtown location. No lease-up period. No major renovation project. No waiting for future potential to make the numbers work. The income is already here. For investors looking for immediate cash flow, diversified income, significant capital improvements already completed and long-term upside, your money works harder in Owen Sound. Full rent roll, income and expense statement and supporting financials available to qualified buyers. **Vendor Take-Back (VTB) financing may be available.** (id:60351)
Full Listing Details
Address314 8th Street E, Owen Sound, ON N4K 1L4
MLS#X13711250
Listing StatusActive
Property TypeCommercial
Sub-TypeInvestment
TransactionSale
List DateAug 25, 2026
Days on Market61
Common InterestFreehold
Annual Tax$7,620 (2025)
Parking6
Structure TypeMulti-Family
AttachedAttached
StyleMixed Use
Bathrooms5
Living Area5,274 sqft
CityOwen Sound
ProvinceOn
Postal CodeN4K 1L4
Lot Size0 sqft
Lot Dimensions0.121
Frontage23.3 feet
ZoningC1
Zoning DetailsC1
Total Parking6
CoolingPartial
SecurityNo
UtilitiesYes
SewerSanitary+Storm
Annual Tax$7,620 (2025)
Business TypeApts - 2 To 5 Units
From the main intersection of 2nd & 10th in downtown Owen Sound, head east on 10th. Turn right onto 3rd Ave E then left onto 8th St E. This turn-key multi-unit investment and income-generating powerhouse will be on your left.
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