45
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$525,000
Est. payment /mo
6 Beds
2 Baths
New
1088 8th ST E Owen Sound, ON N4K 1M6
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Owen Sound
MLS Listing ID X13713914
Style Bungalow
Bedrooms 6
Annual Tax Amount $3,866
Tax Year 2025
Property Sub-Type Detached
Property Description
6 BEDROOMS. $800/ROOM. YOU DO THE MATH. Just 150 metres from Georgian College, this proven student rental has been housing college students for more than a decade... and it just got a serious upgrade! Six private bedrooms at a potential $800/month each means $4,800/month or $57,600/year in potential gross rental income. And unlike buying someone else's tired rental and inheriting their problems, this one is vacant and freshly renovated, giving you the opportunity to choose your own tenants and establish rents from day one. The heavy lifting has already been done: new flooring throughout (2026), two updated bathrooms (2026), and a brand-new kitchen with new stainless steel appliances (2026). Each bedroom is equipped with a fire-rated self-closing door and individual lock. There's plenty of shared living space with a living room, dining room, kitchen, laundry, and rec room, plus a fully fenced backyard with multiple decks and a paved driveway with parking for multiple vehicles. The location is the real kicker: Georgian College is 150 metres away. No bus. No car. Barely even a walk. Six rentable rooms, a decade-long history as student housing, fresh renovations, and vacant possession. Fill the rooms. Collect the rent. That's the play.
Location
State ON
County Grey County
Area Grey County
Rooms
Family Room Yes
Basement Separate Entrance, Finished
Kitchen 1
Interior
Interior Features Accessory Apartment, Carpet Free, Primary Bedroom - Main Floor, Storage, Water Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 60.73
Lot Depth 76.96
Total Parking Spaces 3
Building
Unit Features School,Fenced Yard,Hospital,Public Transit,Rec./Commun.Centre
Foundation Concrete
Others
ParcelsYN No
Listed by Keller Williams Experience Realty
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