314 8th Street

Owen Sound, ON

5 bath
5,274 sqft
Commercial Retail
103 days on market

$949,000

Your money works harder in Owen Sound. Unlock immediate cash flow with this turnkey, fully tenanted mixed-use investment property in the heart of the Scenic City's revitalized downtown core. Extensively renovated and built for performance, this three-storey income generating powerhouse pulls in over $110,000 in gross annual income with remarkably low operating expenses, delivering an impressive 10% cap rate. The main floor is occupied by an established convenience store business with strong community presence and consistent foot traffic, providing stable commercial tenancy in a high-visibility downtown location. Above, 4 beautifully updated residential apartments spanning approximately 2,537 sq ft are fully rented and generate strong, reliable income. Tenants enjoy stylish interiors and upgraded finishes throughout, helping attract premium market rents and minimize vacancy risk. Extensive improvements have been completed throughout the building, including a full exterior facelift with new metal siding and stone façade (2024), basement waterproofing (2025), updated electrical (2021), insulated garage (2024), new on-demand hot water system (2023), new automatic WiFi-enabled gated parking access (2023), and new roof (2015). The residential units have also undergone significant renovations, with full renovations completed between 2019 and 2022. Private gated parking, modernized curb appeal, updated mechanicals, and a strategic location within Owen Sound's growing downtown district make this a rare plug-and-play opportunity in one of Grey County's most strategic urban hubs. Whether you're expanding your portfolio or entering the investment market with an eye for quality cash flow and long-term upside, 314 8th Street East delivers immediate income from day one. Financials available to qualified buyers. Vendor Take Back (VTB) financing may be considered.

Listing Details

Taxes (2025): $7,620
Listed: May 22, 2026

Price History

Listing history

Property

Lot Size: 23.25 x 169.67 Feet

Parking

Garage: Reserved/Assignd

Utilities

Sewer: Sanitary+Storm

Location & Legal

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.
Zoning: C1
Parcel Number: 370730082
Possession: Flexible
Occupancy: Tenant

Included

Rental Items: Hot Water Tanks (2)

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: 275
Median days on market: 33
Sale-to-list price: 96.3%

Based on 275 recorded sales of commercial properties in Owen Sound over the last 12 months.

Listed by

Keller Williams Experience Realty

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 5,274 sq ft
Price per sq ft: $179.94
Annual property tax: $7,620
Tax per sq ft: $1.44

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

Reita | Assistant

Online

Reita is an automated assistant, not a licensed real estate agent. This listing mentions new on-demand hot water system. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?