$ 375,000
-
$375,000
Price -
5
Bed -
2
Bath -
1,500
SqFt
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About the Listing 575303 -
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.
Listing Highlights for 1379 3rd Ave E
Status
Pending
Days on Site
25
Property Type
Multi-Family
MLS ®
X12457182
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: Sewer
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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