1379 3rd Avenue E Owen Sound, Ontario N4K 2L8
$398,500
Income-Generating Duplex with Nearly 8% Cap Rate in Prime Location. Looking for an easy investment? This legal duplex offers immediate cash flow with tenants in place and an annual rental income of $40,000. A turn-key investment with strong returns, both units are separately metered and well maintained, with tenants paying their own hydro. A solid performer in a strong rental market driven by steady demand. This brick two-storey building features a main floor 3 bedroom unit and an upper level 2 bedroom unit. Whether you're expanding your portfolio or diving into your first income property, this duplex offers long-term stability in a growing community. Don't miss your chance to invest in a smart, low-maintenance opportunity in Owen Sound's reliable rental market. (id:59646)
Property Details
| MLS® Number | X12218010 |
| Property Type | Multi-family |
| Community Name | Owen Sound |
| Amenities Near By | Hospital, Schools, Public Transit, Park |
| Community Features | School Bus, Community Centre |
| Parking Space Total | 5 |
| Structure | Patio(s), Porch |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1500 - 2000 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Schools, Public Transit, Park |
| Sewer | Septic System |
| Size Depth | 176 Ft |
| Size Frontage | 36 Ft |
| Size Irregular | 36 X 176 Ft |
| Size Total Text | 36 X 176 Ft |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28463169/1379-3rd-avenue-e-owen-sound-owen-sound
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June 13 2025 11:39:41
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Keller Williams Realty Centres
