925 & 927 2ND AVENUE E, Owen Sound

About this property

Prime Mixed-Use Investment Opportunity! Discover exceptional potential with this well-maintained commercial/residential property offering over 9,400 sq. ft. of total space. Located in a high-visibility area, this solid building includes two commercial units (each approx. 2,300 sq. ft.) and four residential apartments - ideal for investors or owner-operators seeking income stability and flexibility. Each commercial unit features gas heat, with Unit #925 boasting a brand-new gas furnace (installed May 2025). A 430 sq. ft. rear main floor storage area adds further versatility. The upper levels include three spacious 2-bedroom apartments (approx. 900-950 sq. ft. each), all with separate electrical heat paid by tenants, plus a partially completed rear 1-bedroom apartment (approx. 600 sq. ft.) featuring a roughed-in bath, a new water heater, new roof, and four new windows. Both commercial units offer flexible layouts and can be subdivided, making it possible to create up to 8 individual units. For example, #925 could be easily divided into two commercial spaces (front 1,400 sq. ft. and rear 900 sq. ft.) with the addition of a 2-piece bath and partition wall. Additional highlights include 3 parking spaces, excellent street exposure, and strong income potential. Whether you're expanding your portfolio or looking for a space to operate your business with rental income above, this property delivers versatility, functionality, and opportunity in one package. (id:66811)

Rent roll (estimated)