1155 1st Avenue East, Owen Sound - Retail for Sale

1155 1st Avenue East, Owen Sound, Ontario, N4K2K2

5,201 ft²174 × 206 ft (35,876 sq ft) lot sizeListed 476 days ago

Overview

This retail property in Owen Sound is for sale offering roughly 5,201 sq ft of space.

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Description

Rare opportunity to own a truly carefree, single-tenant investment property leased to The Beer Store. Enjoy stable, hands-off ownership with reliable rental income from an established and recognized tenant. An excellent opportunity for investors seeking a low-maintenance commercial asset with steady cash flow and long-term investment potential. (id:66096)

Property Details

MLS®: X12290108
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: Mixed Use Commercial (Mc)
Interior Size: 5,201 ft²
Lot Size: 174 × 206 ft (35,876 sq ft)
Frontage: 174 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $17,035.64/yr
Listed: 476 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

476d

Owen Sound listings, avg age

91d

Price / ft²

$306

List price

$1.59M

Haho

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Listed by HOMELIFE LANDMARK REALTY INC. · BONNIE BO LI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4K)

This home lists at $1,590,000, about 22.9× the local median household income of $69,500.

Carrying it typically needs a household income of about $310,583 (20% down, 25-yr amortization, stress-tested) — roughly 347% above the area median.

Median household income: $69,500
Population: 28,975
Median age: 49.2
Owner / renter: 66% / 34%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N4K)

$1,590,000· $306/ft²

For sale

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Financing

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