314 8th Street E,Owen Sound, ON N4K 1L4
Owen Sound, ON N4K 1L4
Description
**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.**
Details
| MLS # | X13711250 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 81 |
| Listing Provided By | Keller Williams Experience Realty | HAILEY MACARTHUR |
Features
| Bath(s) | 5 |
|---|---|
| SQ Feet | 5,274 |
| Zoning | C1 |
| Acreage | 0.12 |
Interior
| Cooling | Partial |
|---|
Exterior
| Community Features | Major Highway, Public Transit |
|---|---|
| Security Features | No |
Utilities
| Utilities | Yes |
|---|---|
| Sewer | Sanitary+Storm |
Taxes
| Tax Annual Amount | 7620 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 11 E/S SCROPE ST, 12 E/S SCROPE ST PL OWEN SOUND PT 1, 16R8758; T/W R514901; OWEN SOUND |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Grey County |
| City | Owen Sound |
| Postal Code | N4K 1L4 |
| Area | Owen Sound |
| Listing VS Median (in N4K 1L4) | |
Price: $899,000 low | high Med: $899,000 sqft: 5,274 low | high Med: 5,274 $ / sqft: $170 low | high Med: $170 On site: 81 low | high Med: 81 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Grey County |
| City | Owen Sound |
| Postal Code | N4K 1L4 |
| Area | Owen Sound |
| Listing VS Median (in N4K 1L4) | |
Price: $899,000 low | high Med: $899,000 sqft: 5,274 low | high Med: 5,274 $ / sqft: $170 low | high Med: $170 On site: 81 low | high Med: 81 | |
