Was listed for:Expired Aug 7, 2026
$649,000

708 16th Street E

Owen Sound, ON N4K 1Y9

Detached House ExpiredNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 708 16th Street E, Owen Sound

2026-05-14
-
Active
Price
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MLS#
X13126094
2026-05-14
2026-08-07
Expired
Price
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MLS#
x13126090

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 708 16th Street E, Owen Sound

Summarized Description

  • Turnkey investment opportunity with solid income potential.
  • Includes multiple rental units for diverse income streams.
  • Large paved parking lot for tenant convenience.
  • Main floor features commercial and residential units.
  • Separate entrance for residential unit enhances privacy.
  • Located on an east side corner lot.
  • Total area of 2640 sq ft above grade.
  • Net income approximately $38,391 per year.

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$11,695
Land Transfer Tax Fee
$9,455

Rental Items

Rental Equipment
None.

Basement Type
Full, Unfinished

Interior Features

Interior Extras
Accessory Apartment, Carpet Free, Separate Heating Controls, Separate Hydro Meter
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Detached
Building Style
2-Storey

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Stone
Special Designation
Unknown

Lot

Lot Front
91.25 ft
Lot Depth
105.13 ft

Inclusions

Inclusions
1 refrigerator, 1 stove - residential unit. 1 stacking washer/clothes dryer on 2nd level.

Exclusions

Exclusions
Tenant belongings.

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
13
Total Garage And Parking Spaces
13

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer

Bedrooms
1
Washrooms
3
Kitchens
2

Room sizes

  • Office—
    Main level
  • Office—
    Main level
  • Office—
    Main level
  • Bathroom—
    Main level, 2 Pc Bath
  • Living Room—
    Main level
  • Kitchen—
    Main level
  • Bedroom—
    Main level
  • Bathroom—
    Main level, 4 Pc Bath
  • Office—
    Second level
  • Office—
    Second level
  • Office—
    Second level
  • Office—
    Second level
  • Office—
    Second level
  • Office—
    Second level
  • Kitchen—
    Second level
  • Bathroom—
    Second level, 2 Pc Bath

Washrooms

  • 4-piece, Main
  • 2-piece, Main
  • 2-piece, Second

Municipality
Owen Sound
Neighbourhood
Owen Sound
Main cross streets
7th Ave E
Zoning
C3
Directions
Northeast corner of 16th St E and 7th Ave E in Owen Sound.
Waterfront
None

MLS® number
X13126090
Data source
Toronto Regional Real Estate Board
Status change
2026-08-07
Listed on
2026-05-14
Days on market
85 days
Possession type
Flexible
Co-op commission
2%+HST
Seller
Listed by
eXp Realty

Home Market Value

Current home valuation for 708 16th Street E, Owen Sound, Owen Sound, ON. Listed for $649,000

HOMEH Estimate

?

$661,980

Estimated Sales Range

?

$522,964 - $800,996

HOMEH Estimate for 708 16th Street E, Owen Sound

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$661,980Medium confidence
Based on 4 comparable properties
− $12,980 (2%) below our estimate — Good deal!
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Owen Sound, ON
Minimum Down Payment Required:6.1%

5% on first $500K + 10% on $149,000 over $500K

Minimum down payment

$39,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$24,350$18,107$15,446$0
=Total mortgage
$633,112$602,207$567,096$519,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$3,091monthly$2,940monthly$2,769monthly$2,535monthly
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Land Transfer Tax

Provincial

$9,455

Total Land Transfer Tax

$9,455

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