844 2nd Avenue
Owen Sound, ON
4,833 sqft • Investment • 212 days on market
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!
Listing Details
- Taxes (2025)
- $9,199
- Listed
- January 23, 2026
Price History
Listing history
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Property
- Lot Size
- 30.9 x 160.8 Feet
Location & Legal
- Cross Street
- 2nd Ave E & 8th St E
- Zoning
- C1-1
- Parcel Number
- 370740481
- Possession
- Other
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- 6 Fridges, 6 Stoves
- Exclusions
- All Tenant Belongings
- Rental Items
- N/A
Community
Postal area N4K
- Population
- 28,975
- Private dwellings
- 13,555
- Median age
- 49.2
- Average household size
- 2.2
- Median household income
- $69,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Owen Sound · last 12 months
- Median sold price
- $444,000
- Homes sold
- 279
- Median days on market
- 32
- Sale-to-list price
- 96.3%
Based on 279 recorded sales of commercial properties in Owen Sound over the last 12 months.
Listed by
EXP REALTY
Location
Commercial figures
- Building area
- 4,833 sq ft
- Price per sq ft
- $283.47
- Annual property tax
- $9,199
- Tax per sq ft
- $1.90
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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