About 1379 3rd Avenue E
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.
Features of 1379 3rd Avenue E
| MLS® # | X12457182 |
|---|---|
| Price | $375,000 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Square Footage | 1500-2000 |
| Type | Residential Freehold |
| Sub-Type | Duplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 1379 3rd Avenue E |
|---|---|
| Area | Grey County |
| Subdivision | Owen Sound |
| City | Owen Sound |
| Province | ON |
| Postal Code | N4K 2L8 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | None |
| Fireplace | No |
| Basement | Unfinished |
| Kitchens | 2 |
Exterior
| Exterior | Brick |
|---|
Listing Details
| Office | Keller Williams Experience Realty |
|---|