$919,000 | 404 9TH ST. E, OWEN SOUND, ON| MLS® Number: X12954642

Listed by: CARTER CANN & FRASER MACDONALD

Commercial/Residential Investment Opportunity

Rich in history and thoughtfully restored, this exceptional Victorian/Edwardian residence offers a rare opportunity in a prime downtown location. Once home and office to Dr. Hershey, and the site where Dr. Norman Bethune completed his residency, the property blends timeless character with extensive modern upgrades.Currently configured as a legal triplex under C1-4 zoning, the property presents incredible flexibility for investors, multi-generational living, or those seeking a live/work opportunity. The upper level features two self-contained apartments with a private side entrance, while the layout allows for a seamless conversion back to a spacious single-family home with income potential.

Spanning over 3,000 square feet, the home showcases beautifully preserved architectural details alongside significant improvements, including updated wiring with three separate meters, a premium high-efficiency boiler system, upgraded insulation through green energy initiatives, and new windows on the second floor. Additional updates include renovated kitchens and bathrooms, new flooring, new laundry installations, and a premium stained glass side entry door that enhances the home's historic charm.

The exterior is equally inviting, featuring a fully fenced backyard with a tiered deck, perennial gardens, and a renovated balcony with new railings, decking, and access door. A partially finished basement offers additional space with excellent potential for a variety of uses.With fire department approvals and interconnected alarm systems updated during the triplex conversion, this is a well-maintained and versatile property in one of the area's most desirable neighbourhoods, just steps to shops, dining, and everyday amenities.

RESIDENTIAL UNITS

2 (on second level)

COMMERCIAL UNIT

1 (on main)

SQUARE FEET

3086

LOT SIZE(FT)

56×104

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OWEN SOUND

Owen Sound, Ontario is an evolving waterfront city positioned at the heart of Grey County, where the natural beauty of Georgian Bay meets a growing and increasingly dynamic economic landscape. With continued investment, infrastructure improvements, and a steady influx of new residents and businesses, Owen Sound is emerging as a compelling destination for both lifestyle buyers and forward-thinking investors.

The city serves as a regional hub for healthcare, education, and commerce, supporting a diverse and stable local economy. Its strategic location, combined with relative affordability compared to larger urban centres, has driven consistent demand for both residential and commercial space. As more buyers and entrepreneurs look north for opportunity, Owen Sound continues to see growth in development, revitalization of its downtown core, and expansion of local business.

At street level, the city blends heritage architecture with a renewed sense of energy. The downtown and River District are experiencing ongoing revitalization, attracting restaurants, boutiques, professional services, and creative industries. This momentum, paired with strong community engagement and year-round tourism, contributes to a reliable and expanding customer base for local businesses.

Surrounded by four-season recreation, including boating on Georgian Bay, escarpment trails, and nearby ski clubs, Owen Sound offers the kind of lifestyle that continues to attract both full-time residents and seasonal visitors. This consistent draw further supports rental demand and long-term investment potential.

For those seeking a mixed-use or income-generating opportunity, Owen Sound represents a market with strong fundamentals, increasing visibility, and meaningful upside as the region continues to grow and evolve.