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    For Sale - 314 8th Street, Owen Sound, Ontario

    Est payment $4,317/mo
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    Views   1
    Time on Jump  64 day

    AI Summary *

    • Fully tenanted property with over 10% cap rate for immediate cash flow.
    • Five income streams including renovated apartments and established convenience store.
    • Significant capital improvements completed, reducing future renovation costs.
    • High-visibility downtown location ensures strong commercial lease performance.
    • No lease-up period required, income already established from day one.




    **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.**
    Listing IDX13711250
    Address314 8th Street
    CityOwen Sound, Ontario
    Price$899,000
    Bath5 Full
    StyleInvestment
    Land Size0.121
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major Highway, Public TransitBasement 1Heating / Cooling Gas Hot WaterSewer Sanitary+Storm

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    Listing Brokerage: Keller Williams Experience Realty

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    314 8th Street
    Owen Sound , Ontario
    5 $899,000
    Get more info