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Investment signal

$2,395,000

261 9TH STREET E

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Location

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About this home

Discover 261 9th Street East, a well-maintained mixed-use property in the heart of Owen Sound. This income-producing building features 6 fully leased commercial units on the ground floor along with 10 residential apartments above. With tenants responsible for their own utilities, this property offers a stable and efficient revenue stream.Located in a high-visibility downtown location, the property benefits from steady foot traffic, strong community presence, and proximity to shops, restaurants, and services. Whether you're an experienced investor or expanding your portfolio, this is a rare opportunity to own a solid mixed-use building in one of Owen Sounds most desirable commercial corridors. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: Owen Sound
Living area: 0
Lot size: 0.21 acres
Lot dimensions: 0.212
On market: Apr 13, 2026
Status changed: Apr 13, 2026
Annual tax: $22,407
Zoning: C1
Photos: 27
MLS#: X12989884
Area: OWEN_SOUND

Features and systems

Heating

Baseboard heaters

Cooling

Partially air conditioned

Negative cash flow ~$4,550/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.40%

Cap rate

3.61%

GRM

16.7

Break-even rent

$16,764

Financing

Down payment$479,000

Loan amount$1,916,000

Mortgage$11,754/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,098

Insurance$80

Maintenance$1,996

CapEx reserve$998

Vacancy loss$599

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

Estimated $11,754/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.