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:49712)

Property Details

MLS® Number	X12211237
Property Type	Retail
Community Name	Owen Sound
Amenities Near By	Highway, Public Transit
Parking Space Total	4

Building

Bathroom Total	8
Age	100+ Years
Appliances	Water Heater
Cooling Type	Partially Air Conditioned
Heating Type	Hot Water Radiator Heat
Size Exterior	8160 Sqft
Size Interior	8,160 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Public Transit
Size Depth	160 Ft ,9 In
Size Frontage	30 Ft ,10 In
Size Irregular	0.111
Size Total	0.111 Ac
Size Total Text	0.111 Ac
Zoning Description	C1- Core Commercial

https://www.realtor.ca/real-estate/28448305/844-2nd-avenue-e-owen-sound-owen-sound