1379 3rd Avenue E Owen Sound, ON N4K 2L8
Listing Courtesy of: PropTX - IDX / Keller Williams Realty Centres

  1379 3rd Avenue E Owen Sound, ON N4K 2L8

Active
$398,500
5
BED
2
BATH
1500-2000
SQFT
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Description

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.

MLS®:
X12218010
Taxes
$2,980(2024)
Type
Multifamily
Style
2-Storey
County
Grey County
Community
Owen Sound

Listed By

Keller Williams Realty Centres
Source
PropTX - IDX
Last checked Aug 18 2025 at 9:38 AM EDT
Bathroom Details
Interior Features
  • Separate Hydro Meter
  • Water Heater Owned
Property Features
  • Foundation: Stone
Heating and Cooling
  • Forced Air
  • None
Basement Information
  • Unfinished
Pool Information
  • None
Exterior Features
  • Brick
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: Septic
  • Fuel: Gas
  • Energy: Energy Certificate: No
Garage
  • None
Stories
  • 2
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Disclaimer: Copyright 2025 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/18/25 02:38

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