$398,500Asking Price
1379 3rd Avenue E, Owen Sound, ON N4K 2L8
Owen Sound, 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.
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.
See MoreKey Info
- 2-Storey Duplex
- 4+ Parking
- No Garage
- From the Owen Sound Farmer's Market, head East on 8th Ave E then North onto 3rd Ave E. This turn-key income generating duplex will be on your Right, offering immediate cash flow for the savvy investor.
- 1500-2000 Approximate Sq Feet
- No Ensuite Laundry
- Forced Air Gas Heating
- No A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $2,980 in 2024
- Possession: Immediate if assuming tenants
Details
- Brick Exterior
- No Fireplace
- 2 Kitchens
- MLS #X12218010
- Keller Williams Realty Centres
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
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Who lives here?
Owen Sound, Owen Sound is a north GTA neighbourhood.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
48%
of residents are
single and loving it.
48% singles
Owen Sound (48%)Renters
42%
of residents
are renters.
42% renters
Owen Sound (42%)Education
20%
of residents are
university grads.
20% university grads
Owen Sound (20%)Income
Average Household Income
$82K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 20% |
| Trades | 9% |
| Government | 8% |
| Business | 6% |
| Health | 6% |
Immigrants
7%
of residents were
born outside of Canada.
7% immigrants
Owen Sound (7%)Birthplace - All
1.8% from UK
All-time
Birthplace - Recent
0.1% from India
Recent
Foreign Languages
Foreign Languages
| French | 1% |
| German | 1% |
Religions
Religions
| Christian | 62% |
