1379 3rd Avenue E Owen Sound, Ontario N4K 2L8
$398,500
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:63008)
Property Details
| MLS® Number | X12218010 |
| Property Type | Multi-family |
| Community Name | Owen Sound |
| AmenitiesNearBy | Hospital, Schools, Public Transit, Park |
| CommunityFeatures | School Bus, Community Centre |
| ParkingSpaceTotal | 5 |
| Structure | Patio(s), Porch |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Hospital, Schools, Public Transit, Park |
| Sewer | Septic System |
| SizeDepth | 176 Ft |
| SizeFrontage | 36 Ft |
| SizeIrregular | 36 X 176 Ft |
| SizeTotalText | 36 X 176 Ft |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28463169/1379-3rd-avenue-e-owen-sound-owen-sound
Hailey Macarthur
Broker
517 10th Street
Hanover, Ontario N4N 1R4
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August 02 2025 02:48:33
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Keller Williams Realty Centres