8-Plex with the potential to convert it into a 9-Plex with approval from the city. Listed at potential 8.5% Cap Rate! 6 recently updated apartments and 2 commercial units. 3 1-bedroom units, 3 2-bedroom units. One vacant commercial unit which could be split in half and one rented commercial unit. Potentially over 75% residential threshold. New Windows (2025), New Roof (2024), Light Fixtures, Kitchen Fixtures, Bathroom Fixtures, New Paint, New Flooring, Some new drywall, all replaced within past 6 months.
Address
844 2nd Avenue E
List Price
$1,670,000
Property Type
Commercial
Type of Dwelling
Commercial Retail
Area
Owen Sound
County
Grey County
Bathrooms
8
Lot Size Source
GeoWarehouse
Lot Depth
160.8
Lot Type
Building
Lot Size Units
Feet
Lot Width
30.9
Approx. Age
100+ Years
MLS® Number
X12211237
Listing Brokerage
COMFREE
Postal Code
N4K 2H3
Tax Amount
$9,830.08
Tax Year
2025
Community Features
Major Highway, Public Transit
Heat Type
Water Radiators
Cooling Features
Partial
Garage Type
Outside/Surface
Security Features
Partial