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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
    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.
    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®#: X12218010MLS LogoOriginating 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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