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314 8th Street E
Owen Sound Owen Sound N4K 1L4

$899,000 /For Sale
Commercial

Main Photo: 314 8th Street E: Owen Sound Commercial for sale : MLS®# X13711250
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13711250
Bus Major:
Apts - 2 To 5 Units
**OVER 10% CAP RATE. FULLY TENANTED. $110,000+ IN GROSS ANNUAL INCOME.** At $899,000, the numbers speak for themselves. 314 8th Street East offers immediate cash flow from a substantially improved mixed-use asset in the heart of downtown Owen Sound. Five income streams under one roof. The 5,274 sq. ft. building combines 4 extensively renovated residential apartments with an established main-floor convenience store secured by a long-term commercial lease with contractual annual rent escalations providing diversified income with built-in growth. And here's what separates this one from the typical income property: the heavy lifting has already been done. Significant capital improvements include a full exterior facelift with new metal siding and stone façade (2024), basement waterproofing (2025), updated electrical (2021), insulated garage (2024), on-demand hot water (2023), automatic WiFi-enabled gated private parking (2023), roof (2015), and extensive renovations to all 4 residential apartments between 2019 and 2022. The approximately 2,537 sq. ft. residential component is 100% occupied, while the established commercial tenant anchors the main floor in a high-visibility downtown location. No lease-up period. No major renovation project. No waiting for future potential to make the numbers work. The income is already here. For investors looking for immediate cash flow, diversified income, significant capital improvements already completed and long-term upside, your money works harder in Owen Sound. Full rent roll, income and expense statement and supporting financials available to qualified buyers. **Vendor Take-Back (VTB) financing may be available.**
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
5274 sq. ft. Square Feet
Total Area:
5,274.31 sq. ft.
Retail Area:
2737 sq. ft. Sq Ft
Lot Depth:
169'8"
Lot Frontage:
23'3"
Lot Shape:
Irregular
Bathrooms:
5.0
Water supply:
Municipal
Zoning:
C1
Heating type:
Gas Hot Water
Garage:
Reserved/Assignd
Parking Spaces:
6
Possession Details:
Flexible
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$7,620 / 2025
Assessment:
$- / -
Grey County
Owen Sound
Owen Sound
Major Highway, Public Transit
No
Hot Water Tanks (2)
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
Partial
Seller Property Info Statement:
No
Financial Statements:
Yes
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Franchise:
No
Days Open:
Open 7 Days
Chattels:
Yes
LLBO:
Yes
Outside Storage:
Yes
Date Listed:
Aug 25, 2026
Original Price:
Previous Price:
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Listed by Keller Williams Experience Realty
Data was last updated August 26, 2026 at 04:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
  • Economies of scale make property management more efficient
  • Opportunity to increase property value through renovations and upgrades
  • High demand for rental housing in urban and suburban markets

What to Look for in Apartment Buildings for Sale

When evaluating apartment buildings for sale, consider:

  • Vacancy rates and tenant demand in the area
  • Location and proximity to transit, schools, and employment hubs
  • Building condition, age, and potential maintenance costs
  • Current rental income and future appreciation potential

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Whether you’re looking for small multi-family units or larger residential complexes, we offer a wide selection of apartment buildings for sale to match your investment goals. Let us help you find a property that offers steady income and long-term value.

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.