6-Bed Student Rental Steps from Georgian College

Property details for 1088 8th Street E, Owen Sound

Type: Residential
Style: Bungalow
Bedrooms: 6
Bathrooms: 2
Lot Size: 60.7 x 77 FT
Stories: 1
Basement: Finished, Separate entrance, N/A, N/A
Parking: No Garage
Heating: Baseboard heaters, Natural gas
Cooling: None
Exterior: Brick, Aluminum siding
Ownership: Freehold
Annual Taxes: $3,866

This is a 6-bed, 2-bath bungalow sitting on a 60.7 x 77 ft lot, and it's basically purpose-built for student rental income. Georgian College is only 150 metres away, so the walk is barely a stroll. The place has been renting to students for over a decade, and it's vacant now with fresh renovations done in 2026. New vinyl and tile flooring throughout, two updated bathrooms, and a brand-new kitchen with stainless steel appliances. Each bedroom has a fire-rated self-closing door and its own lock. The layout spreads out with three bedrooms on the main floor and three in the finished basement, which also has a rec room, laundry, and separate entrance. Upstairs, you've got a living room, dining room, and kitchen, plus a fully fenced yard with multiple decks and paved parking for three cars. At $525,000, the potential rent works out to roughly $800 per room, or $57,600 a year gross. Owen Sound Collegiate is half a kilometre away, and you've got Tim Hortons, Food Basics, and a bunch of chain restaurants within a 10-minute walk. The market's a bit sleepy right now with only one active listing nearby, but for an investor wanting a proven rental with no tenants to inherit, this is about as clean a slate as you'll find. It's a straightforward play: fill the rooms, collect the rent.

About 1088 8th Street E, Owen Sound — Property Score

Great Location Well Priced

Score: 65/100

Value

Priced 32.2% below area median of $774,900 based on 12 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

6 bedrooms - 3 more than similarly priced 3-bedroom homes nearby 96

2 bathrooms - typical for similarly priced properties 60

4,674 sqft lot - a standard lot for the area 65

Location

$51K median household income - below the Canadian average of $70K 55

80% of residents hold postsecondary credentials - a highly educated neighbourhood 88

75% homeownership rate - indicating a stable, owner-occupied community 83

85% of residents commute under 30 minutes - excellent commuter accessibility 98

192/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 18 days on market 96

-16.8% median price change over 1 month - declining prices in the area 1

89 months of housing supply - 89 active listings with 1 sold last month (buyer's market) 40

Features

3-car garage - area average is 3.9 spots 80

Finished, Separate entrance, N/A, N/A basement - adds valuable living space 85

baseboard heating throughout 55

None 30

No premium extras like pool, waterfront, or view 50

Investment

0.74% effective tax rate ($3,866/yr) - below the Canadian average of ~1% 78

25% renter population - primarily owner-occupied area 60

Quality

Condition

Listing

44 photos provided - 19% more than the area average of 37 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.