$398,500
PRICE
5
BEDROOMS
2
BATHROOMS
X12218010
MLSID
1379 3Rd Avenue, Owen Sound
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.
Summary
Address
1379 3Rd Avenue
City
Community
Street
MLSID
X12218010
Property Type
Duplex
Property Category
Bedrooms
5
Bathrooms
2
Kitchens
2
Taxes (Annual)
$2,980.00
Tax Year
2024
Published
June 13, 2025
Days on Market
64 Days
Possession Type
Flexible
Possession Details
Immediate If Assuming Tenants
Inclusions
Two (2) Fridges, Two (2) Stoves, Two (2) Washers, Two (2) Dryers, Owned Hot Water Tank
Exclusions
Washer and Dryer hooked up in basement belong to the Tenant.
Details
Property Features
Hospital, School, School Bus Route, Rec./Commun.Centre, Public Transit, Park
Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Second Level
Parking Spaces
5
Parking Total
5
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
36 Feet
Lot Depth
176 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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