314 8th Street E Owen Sound, Ontario N4K 1L4
$1,100,000
Your money works harder in Owen Sound. Unlock the doors to immediate cash flow by owning the business AND the building with this turnkey, fully tenanted, mixed-use property in the heart of the Scenic City's revitalized downtown. Meticulously improved from top to bottom, this three-storey building generates a whopping $668,000 in gross annual income (2024) offering immediate, diversified returns for savvy investors. The main floor is home to a high-performing convenience store with multiple income streams, including lottery sales, alcohol sales, ATM, Bitcoin terminal, and garage rental. Step into a turnkey retail operation with strong community presence, established customer base, and consistent foot traffic. Own the real estate beneath your feet and collect rent from four beautifully updated apartments, spanning 2,537 sq ft and all fully rented, raking in $71,492 in gross annual income (2024). Tenants enjoy stylish interiors and upgraded finishes throughout, perfect for attracting premium market rents. Extensive improvements have been made to the building, including: full exterior facelift with steel siding and modern curb appeal, private, gated parking lot with automated electric access, updated mechanicals and finishes throughout. With a high-income profile, low vacancy risk, and prime location within Owen Sound's growing downtown district (the City just dumped $2M into downtown infrastructure), this is a rare opportunity to secure a true plug-and-play asset in one of Grey County's most strategic urban hubs. Take over a successful business and income-generating building in one move. Whether you're expanding your portfolio or entering the market with an eye for quality, 314 8th St E offers a proven income track record and long-term upside. Private tours and financials available to qualified buyers. Vendor Take Back (VTB) considered. (id:13139)
Business
| BusinessType | Retail and Wholesale |
| BusinessSubType | Convenience store |
| Name | Central Variety |
Property Details
| MLS® Number | X12072613 |
| Property Type | Business |
| Community Name | Owen Sound |
| AmenitiesNearBy | Highway, Public Transit |
| Features | Irregular Lot Size |
| ParkingSpaceTotal | 7 |
Building
| BathroomTotal | 6 |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| SizeInterior | 5274 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 169 Ft ,8 In |
| SizeFrontage | 23 Ft ,3 In |
| SizeIrregular | 23.25 X 169.67 Ft |
| SizeTotalText | 23.25 X 169.67 Ft |
| ZoningDescription | C1 |
https://www.realtor.ca/real-estate/28144504/314-8th-street-e-owen-sound-owen-sound
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May 01 2025 05:15:19
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