CAONOwen SoundDowntown Area844 2Nd Ave E
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844 2nd Ave E, Owen Sound, ON

Real Estate

For Sale

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MLS® X12726360

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $9,199
Days Active 11
Approx. Age 
MLS® Number X12726360

Property Address: 844 2nd Ave E, Owen Sound, ON, N4K2H3

Average square foot calculated using Size range provided by listing agent.

Description

High-Cap, Value-Add Mixed-Use Asset in Central Owen Sound! Offering a strong 8.3% cap rate on an as-is basis, with a clear value-add opportunity to increase returns through the addition of one residential unit, bringing the cap rate closer to 9%. Upon completion and stabilization, the asset is expected to be CMHC-financeable on exit, enhancing long-term value and liquidity. The building features six fully updated residential apartments above two ground-floor commercial units, with recent capital improvements including full window replacement and significant roof upgrades. Preliminary discussions with the City support reconfiguration at grade, including subdivision of existing commercial space and the addition of a residential unit. A turnkey, well-maintained asset with upside in a central downtown location!Show Description
MLS® NumberX12726360
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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Price History

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Commute

Starting Address
Destination Address
844 2nd Ave E, Owen Sound, ON

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