Salehian.com 647-325-5000

314 8th Street E

Owen Sound, Owen Sound, N4K 1L4

$899,000

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  • 5 bathrooms

Listed 56 days ago · MLS® X13711250

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.**

Details

Type
Investment
Lot
23.25 × 169.67 ft
Garage
Reserved/Assignd
Property tax
$7,620 (2025)
Neighbourhood
Owen Sound
Municipality
Owen Sound

Interior

Bathrooms
5 × bathroom

Heating, cooling and services

Heating
Gas Hot Water
Air conditioning
Partial
Water and sewer
Sanitary+Storm
Utilities
Yes

Building and exterior

Building area
5,274 Square Feet

More

Possession
Flexible
Cross street
From the main intersection of 2nd & 10th in downtown Owen Sound, head east on 10th. Turn right onto 3rd Ave E then left onto 8th St E. This turn-key multi-unit investment and income-generating powerhouse will be on your left.
Business type
Apts - 2 To 5 Units

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 3 grocery stores, 14 cafés and restaurants, 9 parks, 3 pharmacies. Nearest grocery: Lawson's (300 m). Nearest park: Ryerson Park (300 m).

Schools nearby

Elementary

  • Hillcrest Elementary School
    EQAO: Gr 6 reading 62%, math 22%    13 min walk
  • Alexandra Community School
    EQAO: Gr 6 reading 69%, math 23%    1.2 km
  • St. Basil's Separate School Catholic1.6 km

Secondary

  • St. Mary's High School Catholic
    EQAO: Gr 9 math 44%, literacy test 80%    18 min walk
  • Owen Sound District Secondary School
    EQAO: Gr 9 math 49%, literacy test 81%    1.3 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N4K

Owners / renters
66% / 34%
Median household income
$69,500
Average age
46
Children under 15
14%
Homes
60% detached, 6% high-rise
Commute by transit
1%
Population
28,975

Languages spoken most at home besides English: Arabic 0.2%, Korean 0.1%, Punjabi (Panjabi) 0.1%, Malayalam 0.1%.

Safety

Crime Severity Index for Owen Sound police: 103 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Keller Williams Experience Realty.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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