1379 3rd Avenue East Owen Sound, ON N4K 2L8
Listing Courtesy of:  CREA / Keller Williams Realty Centres

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

Active (108 Days)
$398,500
5
BED
2
BATH
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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. (id:41440)

MLS®:
X12218010
Taxes
$2,980(2024)
Type
Multifamily
County
Grey County

Listed By

Hailey Macarthur, Keller Williams Realty Centres
Source
CREA
Last checked Sep 29 2025 at 4:06 PM EDT
Bathroom Details
  • Full Bathrooms: 2
Interior Features
  • Washer
  • Refrigerator
  • Stove
  • Dryer
  • Water Heater
Property Features
  • Foundation: Stone
Heating and Cooling
  • Forced Air
  • Natural Gas
Basement Information
  • Unfinished
  • N/a
Exterior Features
  • Brick
Utility Information
  • Sewer: Septic System
Parking
  • Total: 5
  • No Garage
Stories
  • 2
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by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 9/29/25 09:06

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