For Sale · Office

1025 2ND AVENUE W, Owen Sound

1025 2ND AVENUE W, Owen Sound, ON N4K4N1

$625,000 total

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Asset Class

Office

Size

—

Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

88%

Lot Size

0.24 ac

About this property

Located in the heart of downtown Owen Sound, this mixed-use investment property offers an excellent opportunity for investors or owner-occupiers seeking strong income potential and long-term value.The main floor features commercial office space, ideal for professional services or business operations, benefiting from high visibility and convenient accessibility. Upstairs, you'll find a spacious 3-bedroom apartment with a separate private entrance, providing excellent rental income potential or comfortable owner accommodation.This property offers ample on-site parking along with two laneway access points, allowing for easy in-and-out vehicle flow - a rare and valuable feature in the downtown core. Additional highlights include forced-air gas heating, central air conditioning, an EV charging plug , and a durable steel roof, helping to reduce long-term maintenance concerns while improving energy efficiency.Whether you're looking to expand your investment portfolio or operate your business while generating residential rental income, this well-located mixed-use property delivers flexibility and convenience. (id:66811)

Financial sandbox

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Estimate
Purchase price$625K
Down payment30% · $188K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$34K

Annual cash flow

$-1K

Cash-on-cash

-0.54%

DSCR

0.97

Going-in cap

5.38%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

131,007

Households

50,573

Median income

$125,500

Median age

37.1

Daytime population

194,195

5-yr growth

7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1025 2ND AVENUE W, Owen Sound.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.