Commercial – 314 8th Street, Owen Sound, ON
$949,000 CAD
Property Description
Your money works harder in Owen Sound. Unlock immediate cash flow with this turnkey, fully tenanted mixed-use investment property in the heart of the Scenic City’s revitalized downtown core. Extensively renovated and built for performance, this three-storey income generating powerhouse pulls in over $110,000 in gross annual income with remarkably low operating expenses, delivering an impressive 10% cap rate. The main floor is occupied by an established convenience store business with strong community presence and consistent foot traffic, providing stable commercial tenancy in a high-visibility downtown location. Above, 4 beautifully updated residential apartments spanning approximately 2,537 sq ft are fully rented and generate strong, reliable income. Tenants enjoy stylish interiors and upgraded finishes throughout, helping attract premium market rents and minimize vacancy risk. Extensive improvements have been completed throughout the building, including a full exterior facelift with new metal siding and stone façade (2024), basement waterproofing (2025), updated electrical (2021), insulated garage (2024), new on-demand hot water system (2023), new automatic WiFi-enabled gated parking access (2023), and new roof (2015). The residential units have also undergone significant renovations, with full renovations completed between 2019 and 2022. Private gated parking, modernized curb appeal, updated mechanicals, and a strategic location within Owen Sound’s growing downtown district make this a rare plug-and-play opportunity in one of Grey County’s most strategic urban hubs. Whether you’re expanding your portfolio or entering the investment market with an eye for quality cash flow and long-term upside, 314 8th Street East delivers immediate income from day one. Financials available to qualified buyers. Vendor Take Back (VTB) financing may be considered.
Property Details
Type
Commercial
All Photos
Location
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned and administered by The Canadian Real Estate Association (CREA). The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Used under license. Listing data is provided by PropTx LLC via the Amplify Syndication RESO Web API and is sourced from the MLS® System of the Toronto Regional Real Estate Board (TRREB) and other participating member boards.
Mortgage Calculator
Estimate your monthly payment, adjust the numbers below.
Estimated Monthly Payment
,
* Estimate only. Does not include property tax, CMHC insurance (if down payment <20%), condo fees, or home insurance. Talk to Maneesh for personalised numbers.
Request Information
All fields marked * are required.