1379 3rd Avenue E,Owen Sound, ON N4K 2L8
Owen Sound, ON N4K 2L8
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 # | X12457182 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Sold Conditional |
| Year | 0 |
| Days On Site | 30 |
| Listing Provided By | Keller Williams Experience Realty | X12457182 575303 |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.15 |
Interior
| Interior Features | Separate Hydro Meter, Water Heater Owned |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Patio, Porch |
|---|---|
| Roof | Asphalt Shingle |
| Foundation Details | Stone |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2980 |
|---|---|
| Tax Legal Description | PT LT 23 E/S BAY ST PL OWEN SOUND AS IN R347918, T/W R347918 CITY OF OWEN SOUND |
| Tax Year | 2024 |
Area Information
| Province | ON |
|---|---|
| County | Grey County |
| City | Owen Sound |
| Postal Code | N4K 2L8 |
| Area | Owen Sound |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Grey County |
| City | Owen Sound |
| Postal Code | N4K 2L8 |
| Area | Owen Sound |
