314 8th Street E, Owen Sound, ON N4K 1L4
Owen Sound · Near 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. · View map
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.**
The home
- Type
- Investment
- Square footage
- 5274.31 sq ft
- Bathrooms
- 5
- Lot size
- 23.3 x 169.7 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Hot Water
- Air conditioning
- Partial
Garage & parking
- Garage
- Reserved/Assignd
- Driveway spaces
- 6
- Total parking
- 6
Taxes & other
- Property taxes
- $7,620/yr
- Tax year
- 2025
- Occupancy
- Tenant
- 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.
- Neighbourhood
- Owen Sound
More
- MLS® number
- X13711250
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
314 8th Street, Owen Sound, ON N4K 1L4
Owen Sound · Near 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.
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Listing history for 314 8th Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 314 8th Street E
Answers come straight from this home’s MLS® listing.
How much is 314 8th Street E listed for, and what would it cost each month?
314 8th Street E is listed for $899,000. With 20% down ($179,800), the mortgage payment would be roughly $3,626 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,261 a month, all in. That figure is an illustration, not a quote.
Is 314 8th Street E freehold or a condo, and is there a monthly fee?
314 8th Street E is a investment in Owen Sound. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 314 8th Street E have a garage and parking?
Yes. The listing shows the garage as reserved/assignd. The driveway adds 6 spaces. In total the listing counts 6 parking spaces.
What style of home is 314 8th Street E?
314 8th Street E is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 314 8th Street E, and what is the lot size?
The lot is listed as 23.3 x 169.7 ft.
How is 314 8th Street E heated and cooled?
Heating is gas hot water. Cooling is partial.
What are the property taxes for 314 8th Street E?
Property taxes are $7,620 a year (2025), or about $635 a month.
Where is 314 8th Street E?
314 8th Street E is in Owen Sound. The nearest main intersection is 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.. The postal code is N4K 1L4.
Is 314 8th Street E still for sale?
Yes. It is an active listing (MLS® X13711250). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 314 8th Street E asking?
Similar properties for sale nearby right now include 899 2nd Avenue at $875,000, 1548 20th Street E at $1,000,000 and 900 2ND Avenue W at $1,072,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 314 8th Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 314 8th Street E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Owen Sound, picked by style, size and price.
Commercial retail$875,000899 2nd Avenue, Owen Sound2 bath · Owen SoundCourtesy of: RE/MAX Grey Bruce Realty Inc.View home →
Land$1,000,0001548 20th Street E, Owen SoundOwen SoundCourtesy of: Real Broker Ontario LtdView home →
Commercial retail$1,072,000900 2ND Avenue W, Owen SoundOwen SoundCourtesy of: LPT RealtyView home →Courtesy of: Keller Williams Experience Realty
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.