23
  • X12457182
  • MLS® Number
  • Property Type
  • Duplex, Residential
  • Acres
  • Land Area
  • 5
  • Bedrooms
  • 2
  • Bathrooms
  • Sqft
  • Area Size

1379 3rd E Avenue, Owen Sound, ON N4K 2L8

  • $375,000

Description

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.

Details

MLS® Number X12457182
5 Bedrooms
2 Bathrooms
Updated on October 30, 2025 at 5:07 pm

Additional details

  • Roof: Asphalt Shingle
  • Sewer: Sewer
  • Cooling: None
  • County: Grey County
  • Property Type: Residential
  • Pool: None
  • Architectural Style: 2-Storey

Address

  • Address: 1379 3rd E Avenue
  • City: Owen Sound
  • State/county: ON
  • Zip/Postal Code: N4K 2L8
  • Country: CA

Contact Information

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