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. All 6 apartments are vacant upon possession so you can set your own rate and pick your own tenants or use the space yourself. 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. (id:4069)
Address
844 2ND AVENUE E
List Price
$1,670,000
Property Type
Retail
Area
Ontario
Sub-Area
Owen Sound
Bathrooms
8
Floor Area
8,160 Sq. Ft.
Lot Size
0.111 Sq. Ft.
MLS® Number
X12211237
Listing Brokerage
COMFREE
Postal Code
N4K2H3
Zoning
C1- Core Commercial
Site Influences
Highway, Public Transit
