241 9th Street West

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Address: 241 9th St W, Owen Sound, ON N4K 3N7, Canada
Canada + Apartment Buildings
Created date: June 23, 2026
Date last updated: July 22, 2026
  • LIKE-NEW MULTI-RESIDENTIAL ASSET
  • Extensively renovated main building and newly constructed four-unit coach house offering modern rental accommodations with limited near-term capital expenditure requirements.
  • DIVERSIFIED 15-UNIT INCOME STREAM
  • Comprised of fifteen residential units across three separate buildings, providing stable and diversified rental income with reduced tenant concentration risk.
  • IMMEDIATE VALUE-ADD OPPORTUNITY
  • The secondary building presents a clear path to revenue growth through future renovations and repositioning, with current rents estimated to be approximately 25% below market levels.
  • UTILITY SUB-METERING POTENTIAL
  • Utilities are currently landlord-paid, presenting investors with the opportunity to implement utility sub-metering and reduce operating expenses.
  • EXCELLENT PARKING RATIO
  • The property benefits from 25 on-site surface parking spaces, offering a parking ratio rarely found in comparable multi-residential assets.
  • PRIME OWEN SOUND LOCATION
  • Situated on approximately 0.75 acres with convenient access to Downtown Owen Sound, healthcare facilities, employment centres, retail amenities, and Georgian Bay waterfront attractions.

Property Description

Royal LePage Commercial – The Investments Group is pleased to present Frost Manor, a 15-unit multi-residential investment opportunity located at 241-261 9th Street West in Owen Sound, Ontario. Situated on approximately 0.75 acres, the property consists of three residential buildings, including a character-rich main building containing seven apartment units (7,683 SF), a secondary residential building containing four apartment units (3,067 SF), and a newly constructed four-unit coach house building (2,000 SF). The property benefits from 25 on-site parking spaces, dual C1 Commercial and R5 General Residential zoning, and convenient access to Downtown Owen Sound, healthcare facilities, employment centres, and waterfront amenities. Originally constructed circa 1910, Frost Manor has undergone extensive capital improvements, combining timeless architectural charm with modern rental accommodations. The main building has been extensively renovated, while the newly constructed coach house provides four modern residential units that complement the property's diversified unit mix. Frost Manor offers investors strong in-place cash flow from a largely turnkey asset, while providing meaningful upside through the repositioning of the secondary building and continued rental growth. The combination of stabilized income, recently completed improvements, and clear value-add potential creates a unique investment opportunity within one of Grey County's primary urban centres.
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Broker Details

Investments Group
Investments Group

Investments Group 19055993460

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 15
Opportunity Zone: No
Property Website Click Here
Address: 241 9th Street West, Owen Sound, ON N4K 3N7, Canada
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