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Investment signal

$529,000

827 2ND AVENUE E

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Beds

Baths

7 full + 3 half

Sqft

—

Year

—

Type

Multi-family

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

Building featuring 4 apartments, with ground-floor commercial space located in an excellent downtown location. The property includes four self-contained apartments, with two units on the second floor and two units on the third floor. All residential units are currently leased to established tenants. Floor plans for each unit are available in the listing pictures. The main floor consists of approximately 2,400 sq. ft. of commercial space, currently vacant. The layout includes a front retail or reception area, open workspace, multiple private offices, a kitchenette/lunchroom, and rear storage area, offering flexibility for a range of commercial or mixed-use applications.The building also features a full unfinished basement providing additional storage, with access from two separate staircases. Heating is provided by a gas-fired mid-efficiency furnace, with central air conditioning serving the main commercial area. On-site parking is available at the rear of the building with space for approximately six vehicles. Located within the downtown core, directly across from City Hall and within close proximity to the Farmers' Market and other amenities, this property offers a combination of residential income and vacant commercial space for future leasing or owner use. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Community: Owen Sound
Lot dimensions: 25.8 x 185.9 FT
Bedrooms: 6 above grade
Parking: 5 total
Stories: 3
On market: Apr 13, 2026
Status changed: Apr 21, 2026
Annual tax: $3,586
Zoning: C1-1
Photos: 36
MLS#: X12990312
Area: OWEN_SOUND

Features and systems

Parking

No Garage

Basement

UnfinishedFull

Heating

Baseboard heatersForced airNot knownNot knownElectricNatural gas

Exterior

Brick

Foundation

Stone

Positive cash flow ~$7/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

0.08%

Cap rate

4.88%

GRM

13.4

Break-even rent

$3,293

Financing

Down payment$105,800

Loan amount$423,200

Mortgage$2,144/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$242

Insurance$80

Maintenance$441

CapEx reserve$220

Vacancy loss$165

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 $2,144/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 21, 2026.