Investor Page
Owen Sound 942 - 944 2nd Ave. E. Owen Sound, Ontario, Canada
Current Performance:
942 - 944 2nd Ave. E.
950-956 2nd Avenue East was acquired in March 2019 and has two commercial units and 8 residential units. Upon acquiring the building, the 8 residential units were 100% vacant and all units were gutted down to the studs by the prior landlord. BG Property Holdings will be converting all residential units to high end AirBnB rental units in 2020. Therefore, there is no historical financial performance data to present with this particular property and all financial data is based purely on projections.
Commercial Units - 2 Units:
Targeted Potential: 3,772 Sq. Ft. X $14/Foot* + $3.86/Foot TMI = $67,367.92
*$14/Foot estimate based on rates BG has secured at its 9th St E. property.
Residential Units:
AirBnB Conversion
Targeted Potential: 8 Units @ $90/Night = $255,360/Annually
AirBnB analysis
The following information was extracted from an AirBnB search based on the following general parameters;
- Minimum 2 Bedrooms
- Minimum 1 Bathroom
- Stand-alone property (i.e. renting an entire property and not a room within a property)
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*Assumes 28 days/month & 13 calendar months/year
***this investment opportunity is for accredited investors only***
