950-956 & 948 2nd Avenue E,Owen Sound, ON N4K2H6
Owen Sound, ON N4K2H6
Description
Prime Mixed-Use Investment Opportunity in Owen Sound's Historic River District! Welcome to an exceptional mixed-use investment opportunity in the heart of Owen Sound's Historic River District. This unique property offers a strong combination of commercial and residential income, featuring three road-front retail spaces and eight residential units.The main level includes three highly visible road-front retail spaces, providing excellent exposure and accessibility. One retail unit is currently occupied by a thriving fine dining establishment, while the second is home to a dry grocery and food store, providing established commercial uses and potential for stable rental income. The third retail space offers an excellent opportunity for an additional tenant or owner-user. Above the commercial spaces are eight residential units, creating a diversified income-producing property with both commercial and residential components. This combination provides investors with multiple revenue streams and the potential to benefit from the continued growth and revitalization of Owen Sound's downtown core. Located in the vibrant Historic River District, the property is within close proximity to shops, restaurants, waterfront attractions, parks, services, and other downtown amenities. Excellent visibility, road frontage, established commercial tenants, and multiple residential units make this an attractive opportunity for investors seeking a well-positioned mixed-use property with significant income potential. Three road-front retail spaces + eight residential units = a rare and versatile income-producing opportunity in downtown Owen Sound. (id:13843)
Details
| MLS # | X13763528 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 51 |
| Listing Provided By | ROYAL LEPAGE SIGNATURE REALTY | OSWALD VASIHARAN EMMANUEL |
Features
| SQ Feet | 12,669 |
|---|---|
| Zoning | C1-1ZH |
Interior
| Cooling | Partially air conditioned |
|---|---|
| Heating | Baseboard heaters, Forced air |
| Fireplace Yes / No | No |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 25160.86 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Owen Sound |
| Postal Code | N4K2H6 |
| Listing VS Median (in N4K2H6) | |
Price: $2,100,000 low | high Med: $1,449,000 sqft: 12,669 low | high Med: 10,000 $ / sqft: $166 low | high Med: $145 On site: 51 low | high Med: 117 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Owen Sound |
| Postal Code | N4K2H6 |
| Listing VS Median (in N4K2H6) | |
Price: $2,100,000 low | high Med: $1,449,000 sqft: 12,669 low | high Med: 10,000 $ / sqft: $166 low | high Med: $145 On site: 51 low | high Med: 117 | |