The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Rare opportunity to acquire a well-established commercial property on the west side of Owen Sound. This functional automotive service facility features 4 service bays, a reception area, bathroom facilities and parking for 20 vehicles. The property is ideally suited for an automotive repair operation, owner-user or investor seeking a well-maintained commercial building with established use. The roof and 2 gas forced air furnaces have been updated within the last 10 years. There are 4 - 10x10 doors within the last 10-15 years. High traffic corner location for maximum exposure. The building and land are being sold together along with the successful automotive repair business (separate listing, see below), offering the unique opportunity to own both the real estate and an established operation with a loyal customer base. The current owner is willing to consider Vendor Take-Back (VTB) financing on the building. A rare chance to own commercial real estate with an established business already in place. BUSINESS ALSO FOR SALE MLS X13773336.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,530/mo
Mortgage (principal + interest)$1,870
Property taxFrom listing: $7,919/yr$660
Minimum $25,000 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$100,000
Ontario land transfer taxProvincial brackets, no first-time refund$6,475
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$109,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Owen Sound has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
