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$899,000
Available - For Sale
Listing ID: X13711250
**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.**
Price $899,000
Taxes: $7,620
Tax Type: Annual
Occupancy by: Tenant
Address: 314 8th Street East , Owen Sound, N4K 1L4, Grey County
Postal Code: N4K 1L4
Province/State: Grey County
Legal Description: PT LT 11 E/S SCROPE ST, 12 E/S SCROPE ST
Directions/Cross Streets: From the main intersection of 2nd & 10th in downtown Owen Sound, head east on 10th. Turn right onto
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 5,274.31
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Maintenance: 0
Sprinklers: No
Outside Storage: T
Heat Type: Gas Hot Water
Central Air Conditioning: Partial
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Keller Williams Experience Realty

314 8th Street East , Owen Sound, N4K 1L4, Grey County

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Investment
Area: Grey County
Municipality: Owen Sound
Neighbourhood: Owen Sound
Style:
Lot Size: x 169.67(Feet)
Approximate Age:
Tax: $7,620
Maintenance Fee: $0
Beds: 0
Baths: 5
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908