For sale 50$525,000
1088 8th Street East
Owen Sound, Ontario N4K1M6
For sale· Added
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.
Location
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Property details
Listing
- MLS® number
- X13713914
- Added
- Aug 26, 2026 ()
- Updated
- Aug 26, 2026 ()
- Info refreshed
Overview
- Property type
- Single Family
- Building type
- Detached
- Style
- Bungalow
- Storeys
- 1
- Ownership
- Freehold
Inside
- Bedrooms
- 6
- Bathrooms
- 2
- Heating
- Baseboard heaters, Natural gas
- Cooling
- None
- Fireplace
- No
- Flooring
- Tile, Vinyl
- Appliances
- Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer, Water Heater
- Features
- Carpet Free
Building
- Basement
- Finished, Separate entrance
- Exterior
- Brick, Aluminum siding
- Foundation
- Concrete
- Parking
- No Garage · 3 spaces
Land
- Lot size
- 60.7 x 77 ft
- Fencing
- Fenced yard, Fully Fenced
- Zoning
- R1
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Sewer, Electricity, Cable
Location
- Directions
- Just 150 metres from Georgian College - close enough to walk to class in under two minutes.
- Nearby
- Community Centre
Running costs
- Annual property tax
- $3,866
Rooms
| Foyer | Main level | 1.78 x 2.03 m |
| Bedroom | Lower level | 3.38 x 3.25 m |
| Living room | Main level | 4.12 x 3.33 m |
| Bathroom | Lower level | 2.59 x 1.4 m |
| Recreational, Games room | Lower level | 3.94 x 3.48 m |
| Laundry room | Lower level | 3.4 x 2.54 m |
| Dining room | Main level | 3.73 x 3.63 m |
| Kitchen | Main level | 2.95 x 2.39 m |
| Bedroom | Main level | 3.73 x 3.53 m |
| Bedroom 2 | Main level | 3.25 x 3.05 m |
| Bedroom 3 | Main level | 3.25 x 2.59 m |
| Bathroom | Main level | 3.53 x 1.5 m |
| Bedroom 4 | Lower level | 3.76 x 4.04 m |
| Bedroom 5 | Lower level | 3.76 x 2.95 m |
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