Turnkey investment opportunity! Large attractive brick building with excellent tenants and known as the Heritage Professional Building. Large paved parking lot. 2 commercial tenants and 1 residential. Main floor commercial unit has multiple offices and 2 pc bath. Residential 1 bed unit also on Main floor with separate entrance. 2nd level is a medical aesthetics business. 2640 sq ft above grade; addtional space in basement provides useable storage. 3 hydro meters all separated to each unit. Natural gas furnace and building has central air. This building shows very well. East side corner lot. Net income approx $38,391/year. Property could be a fit for any size investor.
Address
708 16th Street E
List Price
$649,000
MLS® Status
New
Expiration Date
2026-08-07
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Owen Sound
Region
Grey County
Bedrooms
1
Bedrooms (Total)
1
Rooms Above Grade
16
Bathrooms
3
Floor Area
2500-3000 Sq. Ft.
Lot Depth
105.13
Lot Size Units
Feet
Lot Width
91.25
Parcel Number
370570133
Occupant Type
Tenant
Cross Street
7th Ave E
MLS® Number
X13126090
Listing Brokerage
eXp Realty
Basement Area
Full, Unfinished
Postal Code
N4K 1Y9
Posession Details
Flexible
Parking Places (Total)
13
Parking Spaces
13
Tax Amount
$11,695.32
Tax Year
2025
Interior Features
Accessory Apartment, Carpet Free, Separate Heating Controls, Separate Hydro Meter
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 1 E/S CATHCART ST AND N/S ST. VINCENT ST PL OWEN SOUND PT 1 16R1414; OWEN SOUND
Waterfront
No
Waterfront
None
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Office | 3.61 x 3.83 | |
| Main | Office | 2.17 x 2.57 | |
| Main | Office | 2.09 x 3.3 | |
| Main | Bathroom | 1.22 x 1.23 | 2 Pc Bath |
| Main | Living Room | 3.84 x 4.62 | |
| Main | Kitchen | 2.48 x 2.34 | |
| Main | Bedroom | 3.82 x 3.62 | |
| Main | Bathroom | 2.34 x 1.5 | 4 Pc Bath |
| Second | Office | 4.29 x 3.71 | |
| Second | Office | 3.29 x 3.85 | |
| Second | Office | 2.5 x 3.85 | |
| Second | Office | 2.45 x 2.12 | |
| Second | Office | 2.88 x 4.59 | |
| Second | Office | 3.89 x 3.56 | |
| Second | Kitchen | 2.48 x 1.87 | |
| Second | Bathroom | 1.95 x 1.07 | 2 Pc Bath |
