314 8th Street E Owen Sound, Ontario N4K 1L4
$949,000
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. (id:16261)
Business
| Name | Central Variety |
Property Details
| MLS® Number | X13165322 |
| Property Type | Retail |
| Community Name | Owen Sound |
| Amenities Near By | Highway, Public Transit |
| Equipment Type | Water Heater |
| Features | Irregular Lot Size |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 5 |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 5,274 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 169 Ft ,8 In |
| Size Frontage | 23 Ft ,3 In |
| Size Irregular | 0.121 |
| Size Total | 0.121 Ac |
| Size Total Text | 0.121 Ac |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/29795300/314-8th-street-e-owen-sound-owen-sound
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May 23 2026 02:32:23
The Lakelands Association of REALTORS®
Keller Williams Experience Realty
