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BUYING, SELLING, INVESTING & LEASING WITH CONFIDENCE

43
$899,000 Sale
Listed 48 days ago
314 8th Street E
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Listing History
Buy/Sell/Terminated/Expired listing history for 314 8th Street E
Key Facts
Key facts for 314 8th Street E
Property Type
Commercial
Parking
Reserved/Assignd
MLS #
X13711250
Size
-
Basement
-
Listed on
2026-08-25
Lot size
23 x 169.67
Tax
$7,620 /yr
Days on Market
49
Approximate Age
-
Maintenance Fee
-
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.**
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Courtesy of: Keller Williams Experience Realty