$2,395,000
261 9TH STREET E
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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
- Lot size
- 0.21 acres
- MLS#
- X12989884
- Area
- OWEN_SOUND
Cash on cash
-11.40%
Cap rate
3.61%
GRM
16.7
Break-even rent
$16,764
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.
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 13, 2026.