$525,000
Est. payment $2,325/moCalculate yours
1088 8th Street E, Owen Sound, ON N4K 1M6
Owen Sound, Owen Sound, ON N4K 1M6
- 6 Beds
- 2 Baths
- 700 Sq Ft
Listing courtesy of Keller Williams Experience Realty MLS® X13713914
About this home
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.
Property details
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- New
- Size
- 700 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- Separate Entrance, Finished
Building & Systems
- Heating
- Baseboard (Gas)
- Cooling
- None
- Exterior
- Aluminum Siding, Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 60.73 x 76.96 Feet
- Parking
- None garage · 3 total
- Zoning
- R1
Financial
- Property Taxes
- $3,866 (2025)
Location
- Neighbourhood
- Owen Sound
- Cross Street
- Just 150 metres from Georgian College - close enough to walk to class in under two minutes.
- Direction Faces
- North
Listing
- MLS® Number
- X13713914
- Days on Market
- 53
- Listed On
- 2026-08-26
- Possession
- Immediate
- Listed By
- Keller Williams Experience Realty
Rooms
Features
Interior
- Accessory Apartment
- Carpet Free
- Primary Bedroom - Main Floor
- Storage
- Water Meter
Property
- School
- Fenced Yard
- Hospital
- Public Transit
- Rec./Commun.Centre
Pool
- None
- Included
- Fridge, Stove, Dishwasher, Washer, Dryer, Owned Hot Water Tank, Lawn Mower
Mortgage calculator
Estimated mortgage payment
$2,325 per month
- Principal and interest
- $2,325
- Property tax
- $322
- Condo fees
- $0
- Estimated monthly cost
- $2,647
Your mortgage
- Mortgage amount
- $420,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $277,376
Cash to close
- Down payment
- $105,000
- Land transfer tax
- $6,975
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $111,975
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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