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$2,100,000
Available - For Sale
Listing ID: X13763528
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.
Price $2,100,000
Taxes: $25,160.86
Tax Type: Annual
Occupancy by: Tenant
Address: 950-956 & 948 2nd Avenue East , Owen Sound, N4K 2H6, Grey County
Postal Code: N4K 2H6
Province/State: Grey County
Legal Description: See Schedule C
Directions/Cross Streets: 2nd Avenue E & 10th St W
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Multi-Use
Use: Retail Store Related
Building Percentage: T
Total Area: 12,669
Total Area Code:  Square Feet
Office/Appartment Area: 5364
Office/Appartment Area Code: Sq Ft
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Financial Statement: F
Chattels: F
Days Open: V
Maintenance: 0
Sprinklers: Yes
Rail: N
Heat Type: Electric Forced Air
Central Air Conditioning: Partial
Sewers: Sanitary
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ROYAL LEPAGE SIGNATURE REALTY

950-956 & 948 2nd Avenue East , Owen Sound, N4K 2H6, Grey County

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Maria Tompson
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905-361-0512
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Fax:
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Type: Com - Commercial Retail
Area: Grey County
Municipality: Owen Sound
Neighbourhood: Owen Sound
Style:
Lot Size: x 118.80(Feet)
Approximate Age:
Tax: $25,160.86
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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