$1,670,000
Available - For Sale
Listing ID: X12211237
844 2nd Aven East , Owen Sound, N4K 2H3, Grey County
| 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. |
| Price | $1,670,000 |
| Taxes: | $9830.08 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 844 2nd Aven East , Owen Sound, N4K 2H3, Grey County |
| Postal Code: | N4K 2H3 |
| Province/State: | Grey County |
| Directions/Cross Streets: | 2nd Avenue East & 8th Street East |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Use: | Hospitality/Food Related |
| Building Percentage: | F |
| Total Area: | 8160.00 |
| Total Area Code: | Sq Ft Divisible |
| Retail Area Code: | % |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 100+ |
| Financial Statement: | T |
| Water Expense: | $1800 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | Part |
| Washrooms: | 8 |
| Outside Storage: | F |
| Heat Type: | Water Radiators |
| Central Air Conditioning: | Partial |
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Hossein Vanishoja
Broker, ABR, SRS, P.Eng
Dir:
416-300-8000
Bus:
888-884-0105
Fax:
888-884-0106
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Grey County |
| Municipality: | Owen Sound |
| Neighbourhood: | Owen Sound |
| Approximate Age: | 100+ |
| Tax: | $9,830.08 |
| Baths: | 8 |
| Fireplace: | N |
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