$549,000
221 8TH STREET E
Beds
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Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
INCREDIBLE INVESTMENT OPPORTUNITY within this Excellently Maintained and Updated Commercial Space with FOUR RESIDENTIAL APARTMENTS Above--- Current Monthly Rents for Occupied Residential Units--$663.80, $1400.00 and $1500.00-Inclusive Rents. Potential Rents for Commercial Space and outstanding Residential Unit believed to be approximately $1500.00 EACH for an ADDITIONAL $3000.00/Month. Commercial Space is currently Vacant due to Retirement-One Residential Apartment is Currently Vacant. Updated Windows (2022), Most Flooring (Commercial Grade within Retail Space), Paint, Plumbing Fixtures (Faucets and Toilets Throughout including an ACCESSIBLE WASHROOM within Retail/Office Space). Additional Finished Basement Area with Multiple Finished Rooms in Terrific Shape! Vacant possession offered within the completely renovated Main floor and Lower Level as well as One Residential Unit. An Abundance of Municipal Parking in Close Proximity. Ask your REALTOR for Break Down of Income and Expenses. (id:65958)
- Subtype
- Retail
- Community
- Owen Sound
- Living area
- 3,000 square feet
- Lot dimensions
- 32.96 x 105.39 FT
- Parking
- 1 total
- On market
- Apr 15, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $5,570.3 (2025)
- Zoning
- C1-1
- Photos
- 3
- MLS#
- X13000640
- Area
- OWEN_SOUND
Features and systems
Heating
Cooling
Cash on cash
-12.02%
Cap rate
3.49%
GRM
16.6
Break-even rent
$3,908
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Owen Sound. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.