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Investment signal

$549,000

221 8TH STREET E

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Year

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Type

Retail

Suite

Investment signal

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Location 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.

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

Hot water radiator heatNatural gas

Cooling

Partially air conditioned

Negative cash flow ~$631/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.89%

Cap rate

3.49%

GRM

16.6

Break-even rent

$3,414

Financing

Down payment$109,800

Loan amount$439,200

Mortgage$2,225/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$252

Insurance$80

Maintenance$458

CapEx reserve$229

Vacancy loss$138

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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

Estimated $2,225/mo at 4.5% with 20% down, 30-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 16, 2026.