1723 8th Avenue E, Owen Sound, ON

The Douglas

For Sale: Brand New 23 Suite Apartment Building

A luxury apartment building geared towards seniors located at 1723 8th Avenue East in Owen Sound, Ontario.


8th Avenue E & 17th Street E
1723 8th Avenue E, Owen Sound, ON

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Executive Summary

Lennard Commercial Realty is pleased to offer for sale the apartment building located at 1723 8th Avenue East in Owen Sound, Ontario. The Douglas, as it is known, is a brand new, 23 suite, luxury apartment building designed toward senior living. 

With occupancy beginning in June 2022, the property represents a level of comfort not seen previously in this market. Designed and constructed to exceed industry standards, The Douglas will provide a future purchaser with stable, predictable cash flow and minimum maintenance for years to come. Located in the east end of the city, just north of 16th Street, The Douglas is a short half kilometer from grocery stores, clothing and home goods shopping and the largest hospital in the area - Grey Bruce Health Services.

 

Investment Highlights

  • Industry leading construction with energy efficient upgrades reducing expenses
  • Close proximity to desirable tenant amenities
  • Large, well-appointed suites ranging in size from 922 SF to 1,226 SF
  • Not governed by rent control in Ontario
  • All-inclusive rents (heat, hydro, cable & internet) allowing for tenants to only pay one bill per month
  • Quality multifamily assets continue to be a stable, low risk investment
  • In a league of its own for luxury rentals in Owen Sound