Welcome to this remarkable commercial retail located in the coveted neighborhood of Owen Sound. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Ideally located in Owen Sound's sought-after Downtown River District, this versatile commercial property offers an excellent opportunity for both owner-users and investors. The property is currently occupied on a month-to-month basis, providing flexibility, and the existing café tenant has expressed interest in remaining, offering potential continuity of income. The building features two main Street entrances, allowing for the possibility of separating the space for multiple users or mixed-use configurations. The current layout includes a separate office component with its own main Street entrance, consisting of three offices, a large meeting room, washroom, and storage area. (See attached Floor Plans - measurements are approximate.) The café portion offers seating for approximately 24-30 patrons, two washrooms, an abundance of storage, and a large open rear area that includes three additional offices, providing flexibility for expansion or alternative uses. Additional features include two rear accesses to 1st Avenue East, parking for four vehicles, and a loading dock, enhancing functionality for retail, food service, or service-oriented operations. Note: This property is being sold in conjunction with 1024 2nd Avenue East, presenting a rare opportunity to acquire a significant presence in one of Owen Sound's premier downtown commercial locations.
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Data-driven valuation for 1028 2nd Avenue E, Owen Sound, ON N4K 2H7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Owen Sound.
About Purchasing a Home in Owen Sound, ON
For a property listed at $499,900 in Owen Sound, the legal minimum down payment is $24,995 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,473 for this transaction. As this listing is in Owen Sound (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.