**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.**
Full Property Details
General
Business Type
Apts - 2 To 5 Units
Retail Area
2737.00 Sq Ft
Total Area
5274.31 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Apts - 2 To 5 Units
Retail Area
2737.00 Sq Ft
Total Area
5274.31 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
5
Heating Fuel
Gas Hot Water
Air Conditioning
Partial
Washrooms
5
Heating Fuel
Gas Hot Water
Air Conditioning
Partial
Exterior
Depth
169.67
Front
23.25
Lot Size
23 x 169.67 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Reserved/Assignd
Garage Spaces
-
Zoning
C1
Depth
169.67
Front
23.25
Lot Size
23 x 169.67 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Reserved/Assignd
Garage Spaces
-
Zoning
C1
Building Description
Home Type
Commercial
Subtype
Investment
Sewers
Sanitary+Storm
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Investment
Sewers
Sanitary+Storm
Water Supply
Municipal
Possession Date
No Data
Community
Community
Owen Sound
Community
Owen Sound
Taxes & Fees
Taxes
$7,620 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$7,620 /yr
Tax Year
2025
Occupancy
Tenant
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