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$1,100,000
Available - For Sale
Listing ID: X12072613
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.
Price $1,100,000
Taxes: $7,980.92
Tax Type: Annual
Occupancy by: Owner+T
Address: 314 8th Stre East , Owen Sound, N4K 1L4, Grey County
Postal Code: N4K 1L4
Province/State: Grey County
Directions/Cross Streets: 8th St E & 3rd Ave E
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: With Property
Use: Convenience/Variety
Building Percentage: T
Total Area: 5,274.31
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Business/Building Name: Central Variety
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 7am-11p
Employees #: 3
Seats: 0
Maintenance: 0
Water Expense: $2621
Expenses Actual/Estimated: $Act
Heat Type: Gas Hot Water
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Keller Williams Realty Centres

314 8th Stre East , Owen Sound, N4K 1L4, Grey County


 
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At a Glance:
Type: Com - Sale Of Business
Area: Grey County
Municipality: Owen Sound
Neighbourhood: Owen Sound
Style:
Lot Size: x 169.67(Feet)
Approximate Age:
Tax: $7,980.92
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
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