5 Beds 2 Bath

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

Owen Sound N4K 2L8 Ontario

MLS: X12218010

$398,500

Added 4 days ago | For Sale

Listed by: Keller Williams Realty Centres

About Property

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.

Features

  • House Style:Duplex
  • Bathrooms:2
  • Land Size: 36 X 176
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street: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.
  • Basement:Unfinished , Unfinished
  • Possession Date:Immediate if assuming tenants
  • Annual Property taxes: $2980
  • Bedrooms:5
  • Total Parking Spaces:5
  • Parking Places:5
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:X12218010

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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