$375,000
2.44 BTC
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1379 3Rd Avenue, Owen Sound
$375,000
PRICE
5
BEDROOMS
2
BATHROOMS
X12457182
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--all while tenants cover their own hydro. 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. Both units are separately metered with separate entrances and separate laundry. With strong tenant appeal and consistent demand, it's a set-it-and-forget-it kind of asset. 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. Smart investment. Solid returns. Zero drama.
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Summary

Address
1379 3Rd Avenue
Community
MLSID
X12457182
Property Type
Duplex
Property Category
Bedrooms
5
Bathrooms
2
Kitchens
2
Taxes (Annual)
$2,980.00
Tax Year
2024
Published
October 10, 2025
Days on Market
21 Days
Possession Type
Immediate
Possession Details
Before December 1 Preferred
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Inclusions

Two (2) Fridges, Two (2) Stoves, Two (2) Washers, Two (2) Dryers, Owned Hot Water Tank

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
Basement
Unfinished
Exterior Features
Patio, Porch
Interior Features
Separate Hydro Meter, Water Heater Owned
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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