March 25, 2024
- 10 min read
1379 3rd Avenue E Owen Sound, Ontario N4K 2L8
$398,500
5 Bedroom
2 Bathroom
1,500 - 2,000 ft2
Forced Air
TURN-KEY DUPLEX WITH 8.5% CAP RATE. SOLID CASH FLOW IN A STRONG RENTAL MARKET. Looking for a reliable, income-producing property? This legal duplex is the definition of a smart investment, generating over $41,000 in annual rental income with an unheard of 8.5% cap rate. At 20% down, you'll earn back your initial investment in just 23 months. Both units are separately metered, well maintained, and tenants pay their own hydro, keeping your overhead low. The solid brick two-storey home features a spacious 3-bedroom main floor unit and a bright 2-bedroom upper unit, making it a desirable rental in a market with consistent demand. Whether you're a seasoned investor or just getting started, this property offers immediate cash flow, long-term stability, and a low-maintenance path to building wealth in the heart of Owen Sound. Opportunities like this don't come around often. Invest smart and watch your portfolio grow. (id:36109)
Property Details
| MLS® Number | X12218010 |
| Property Type | Multi-family |
| Community Name | Owen Sound |
| Amenities Near By | Hospital, Schools, Public Transit, Park |
| Community Features | School Bus, Community Centre |
| Parking Space Total | 5 |
| Structure | Patio(s), Porch |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Schools, Public Transit, Park |
| Sewer | Septic System |
| Size Depth | 176 Ft |
| Size Frontage | 36 Ft |
| Size Irregular | 36 X 176 Ft |
| Size Total Text | 36 X 176 Ft |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
INQUIRE ABOUT
1379 3rd Avenue E
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Keller Williams Realty Centres
August 02 2025 02:48:33
