241 9th Street West

Located within Owen Sound's established west-side residential neighbourhood, Frost Manor benefits from excellent access to downtown amenities, healthcare services, retail shopping, recreational facilities, and public transportation. Owen Sound serves as the primary commercial, healthcare, and administrative centre for Grey and Bruce Counties, drawing from a regional population exceeding 175,000 residents. The city continues to experience strong demand for rental housing driven by limited supply, an aging population, regional employment opportunities, and increasing housing affordability challenges throughout Southern Ontario. Frost Manor is ideally positioned to capitalize on these market fundamentals while offering tenants convenient access to employment, services, and the waterfront amenities of Georgian Bay.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.