Colliers International is pleased to offer for sale a multi-family apartment building located at 250 18th Street West in Owen Sound, Ontario (the “Property”). This offering represents a great opportunity to acquire a new, high quality property that is well positioned in the local competitive landscape. Located near Downtown Owen Sound, the Property is quaintly positioned near the waterfront and is within close proximity to numerous shopping and recreational based amenities. Being located in a “bedroom community” and an increasingly popular retirement location, the Property is occupied mainly seniors, who are generally low risk and low maintenance. 250 18th Street West represents an opportunity to acquire an in-demand, low risk asset in a market that is increasing in popularity as a secondary location for GTA families who look to “escape” the density of the City. Built in 2018 and now fully leased, the Property offers stable cashflow in the immediate term, rents that are now below market and requires no immediate capital expenditure for the foreseeable future. Couple that with very attractive, assumable, CMHC insured financing already in-place, and this Property will provide an investor with solid returns for years to come.
- Property sold. Please contact the listing agent for more information.