314 8th Street E, Owen Sound
**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:1945)
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Property details for 314 8th Street E, Owen Sound
- Type
- Multi-family
- Bathrooms
- 5
- Living Area
- 5,274 square feet
- Lot Size
- 0.121
- Heating
- Hot water radiator heat, Natural gas
- Cooling
- Partially air conditioned
- Annual Taxes
- $7,620
Nearby Listings Stat
Estimated price and comparable properties near 314 8th Street E
Active Listings
3
Min Price
$899,000
Max Price
$1,072,000
Avg Price
$1,014,333
Days on Market
108
days
Sold Listings
1
Min Sold Price
$829,000
Max Sold Price
$829,000
Avg Sold Price
$829,000
Days until Sold
97
days
Price History
Listed
August 25, 2026
by Keller Williams Experience Realty
Current Price
$899,000
-5.3% from last change
Type
Multi-family
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $899,000 | $50,000 (-5.3%) |
| Aug 25, 2026 | $949,000 | $151,000 (-13.7%) |
| May 23, 2026 | $1,100,000 | Listed |
