$ 398,500
-
$398,500
Price -
5
Bed -
2
Bath -
1,500
SqFt
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About the Listing 573801 -
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.
Listing Highlights for 1379 3rd Ave E
Status
Active
Days on Site
89
Property Type
Multi-Family
MLS ®
X12218010
Year Built
Total Square Footage
1,500
Lot/Acreage
N/A
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: Separate Hydro Meter,Water Heater Owned
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle
- Others: Patio,Porch
- Sewer: Septic
Financial Details
- Tax Amount: $2,980
- Taxes w/Assessments: N/A
- Tax/Property ID: 370550020
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
1379 3rd Ave E Owen Sound, ON N4K 2L8
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