For Sale: 314 8th Street E, Owen Sound, ON - REW
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$899,000
0 bd • 5 ba • 5274 sf • Multifamily
314 8th Street E
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$899,000
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314 8th Street EOwen Sound, ON, N4K 1L4

  • 0 Bed
  • 5 Bath
  • 5274 Sqft
  • Multifamily

About this home

**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:63626)
Listed by: HAILEY MACARTHUR, Salesperson, Keller Williams Experience Realty

Home facts and features

Price details
List Price
$899,000
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Gross Taxes for 2026
$7,620
Home facts
Bedrooms
0
Full Bathrooms
5
Parking Spaces
6
Property Type
Multifamily
Lot Size
23 ft x 0 ft (5270 ft²)
Depth
Frontage
23.3 feet
Heating Type
Hot water radiator heat, Natural gas
Cooling
Partially air conditioned
Features
Irregular lot size
Agent details
Primary Agent
HAILEY MACARTHUR
Primary Broker
Keller Williams Experience Realty
Listing details
Days on REW
1 Day
MLS® Number
X13711250
Source
Canadian Real Estate Association
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25 Years
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Property Insights

Bayview Public School
  • Public
  • JK - 8
Dufferin Elementary School
  • Public
  • JK - 6
Hillcrest Elementary School
  • Public
  • JK - 8
Alexandra Community School
  • Public
  • JK - 8
St Mary's High School
  • Catholic
  • 9 - 12
Owen Sound District Secondary School
  • Public
  • 9 - 12
Riverforest Montessori School
  • Private
  • PS - 6
Sydenham Community School
  • Public
  • JK - 8
St Basil's School
  • Catholic
  • JK - 3
Timothy Christian School
  • Private
  • K - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
HAILEY MACARTHUR
Phone:
(519) 270-4555
Cell:
519-207-4555
Office:
705-720-2200
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