844 2nd Avenue E Owen Sound, Ontario N4K 2H3
$1,670,000
8-Plex with the potential to convert it into a 9-Plex with approval from the city. Listed at potential 8.5% Cap Rate! 6 recently updated apartments and 2 commercial units. 3 1-bedroom units, 3 2-bedroom units. One vacant commercial unit which could be split in half and one rented commercial unit. All 6 apartments are vacant upon possession so you can set your own rate and pick your own tenants or use the space yourself. Potentially over 75% residential threshold. New Windows (2025), New Roof (2024), Light Fixtures, Kitchen Fixtures, Bathroom Fixtures, New Paint, New Flooring, Some new drywall, all replaced within past 6 months. (id:49269)
Property Details
| MLS® Number | X12211237 |
| Property Type | Retail |
| Community Name | Owen Sound |
| AmenitiesNearBy | Highway, Public Transit |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 8 |
| Age | 100+ Years |
| Appliances | Water Heater |
| CoolingType | Partially Air Conditioned |
| HeatingType | Hot Water Radiator Heat |
| SizeExterior | 8160 Sqft |
| SizeInterior | 8160 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 160 Ft ,9 In |
| SizeFrontage | 30 Ft ,10 In |
| SizeIrregular | 0.111 |
| SizeTotal | 0.111 Ac |
| SizeTotalText | 0.111 Ac |
| ZoningDescription | C1- Core Commercial |
https://www.realtor.ca/real-estate/28448305/844-2nd-avenue-e-owen-sound-owen-sound
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 12 2025 08:04:28
Ottawa Real Estate Board
Comfree