$2,395,000

For sale

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261 9th Street, Owen Sound - Multi-family for Sale

261 9th Street, Owen Sound, Ontario, N4K1N8

0 ft²9,235 sq ft (0.21 ac) lot sizeListed 205 days ago

Overview

121 Grey Rd 17b Road, Owen Sound, Ontario, N4K5R8

4 bd2 ba6 pk1,750 ft²Lot size 42,645 sq ft (0.97 ac)

Listed by REALTY ASSOCIATES INC.

516 4th Avenue East, Owen Sound, Ontario, N4K2N2

For sale

12 days ago

$500K

516 4th Avenue East, Owen Sound, Ontario, N4K2N2

5 bd2 ba3 pk2,250 ft²Lot size 35 × 103 ft (3,605 sq ft)

Listed by RE/MAX Grey Bruce Realty Inc.

1082 8th Street East, Owen Sound, Ontario, N4K1M6

For sale

25 days ago

$549K

1082 8th Street East, Owen Sound, Ontario, N4K1M6

5 bd3 ba11 pk1,750 ft²Lot size 67 × 124 ft (8,257 sq ft)

Listed by Ron Hopper Real Estate Ltd.

1140 2nd Avenue West, Owen Sound, Ontario, N4K4N2

For sale

34 days ago

$419K

1140 2nd Avenue West, Owen Sound, Ontario, N4K4N2

3 bd2 ba3 pk2,250 ft²Lot size 41 × 154 ft (6,276 sq ft)

Listed by Royal LePage Locations North

Investment analysis

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$2,395,000

Owen Sound

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Description

Discover 261 9th Street East, a well-maintained mixed-use property in the heart of Owen Sound. This income-producing building features 6 fully leased commercial units on the ground floor along with 10 residential apartments above. With tenants responsible for their own utilities, this property offers a stable and efficient revenue stream.Located in a high-visibility downtown location, the property benefits from steady foot traffic, strong community presence, and proximity to shops, restaurants, and services. Whether you're an experienced investor or expanding your portfolio, this is a rare opportunity to own a solid mixed-use building in one of Owen Sounds most desirable commercial corridors. (id:66096)

Area context

Neighbourhood profile (N4K)

This home lists at $2,395,000, about 34.5× the local median household income of $69,500.

Carrying it typically needs a household income of about $467,827 (20% down, 25-yr amortization, stress-tested) — roughly 573% 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)

$2,395,000

For sale

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Full Cost Breakdown

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Down Payment20% · $479,000

Min 20%50%

Mortgage payment$10,214/mo

Property tax (est.)$1,867/mo

Total monthly$12,081

Cash Needed to Close

Down payment (20%)$479,000

Land transfer tax$46,350

Est. closing costs$9,685

Total cash needed$535,035

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

261 9th Street, Owen Sound - Multi-family for Sale

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