1379 3rd AVE E, Owen Sound, ON N4K 2L8
1379 3rd AVE E, Owen Sound, ON N4K 2L8
1379 3rd AVE E, Owen Sound, ON N4K 2L8
1379 3rd AVE E, Owen Sound, ON N4K 2L8
1379 3rd AVE E, Owen Sound, ON N4K 2L8
1379 3rd AVE E, Owen Sound, ON N4K 2L8
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Tony & Ledi Real Estate Team

Tony & Ledi Real Estate Team

+1(647) 493-3579
$ 398,500
Est. payment | /mo

5 Beds

2 Baths

Save
$ 398,500
Est. payment | /mo
Save

5 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Owen Sound

MLS Listing ID X12218010

Style 2-Storey

Bedrooms 5

Annual Tax Amount $2,980

Tax Year 2024

Property Sub-Type Duplex

Property 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. 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.

Location

Province ON

County Grey County

Area Grey County

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

Interior Features Separate Hydro Meter, Water Heater Owned

Cooling None

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

Exterior

Exterior Feature Patio, Porch

Pool None

Roof Type Asphalt Shingle

Lot Frontage 36.0

Lot Depth 176.0

Total Parking Spaces 5

Building

Foundation Stone

Others

Senior Community No

ParcelsYN No

Listed by Keller Williams Realty Centres

Schools and Properties Nearby

Tony & Ledi Real Estate Team

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(647) 493-3579

info@tonyledi.com

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1379 3rd AVE E