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.
For sale
C$398,500
1379 3rd Ave E, Owen Sound, ON N4K 2L8
5beds
2baths
Duplex
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Solid brick two-storey home
- 50 days
- on Zillow |
- 73 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: 19 hours ago
Listed by:
Keller Williams Realty Centres
Source: TRREB,MLS®#: X12218010
Originating MLS®#: One Point Association of REALTORS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air, Gas
Cooling
- None
Appliances
- Included: Water Heater Owned
Features
- Separate Hydro Meter
- Basement: Unfinished
- Has fireplace: No
Interior area
- Living area range: 1500-2000 null
Property
Parking
- Total spaces: 5
Features
- Stories: 2
- Patio & porch: Patio, Porch
- Pool features: None
Lot
- Size: 6,336 Square Feet
- Features: Hospital, School, School Bus Route, Rec./Commun.Centre, Public Transit, Park, Rectangular Lot
Details
- Parcel number: 370550020
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Brick
- Foundation: Stone
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Septic
Community & HOA
Location
- Region: Owen Sound
Financial & listing details
- Annual tax amount: C$2,980
- Date on market: 6/13/2025
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