Owen Sound, ON N4K2L8 1379 3rd Avenue E

1379 3rd Avenue E Owen Sound, ON - Image 11379 3rd Avenue E Owen Sound, ON - Image 21379 3rd Avenue E Owen Sound, ON - Image 3
19 more
1379 3rd Avenue E Owen Sound, ON - Image 41379 3rd Avenue E Owen Sound, ON - Image 51379 3rd Avenue E Owen Sound, ON - Image 61379 3rd Avenue E Owen Sound, ON - Image 71379 3rd Avenue E Owen Sound, ON - Image 81379 3rd Avenue E Owen Sound, ON - Image 91379 3rd Avenue E Owen Sound, ON - Image 101379 3rd Avenue E Owen Sound, ON - Image 111379 3rd Avenue E Owen Sound, ON - Image 121379 3rd Avenue E Owen Sound, ON - Image 131379 3rd Avenue E Owen Sound, ON - Image 141379 3rd Avenue E Owen Sound, ON - Image 151379 3rd Avenue E Owen Sound, ON - Image 161379 3rd Avenue E Owen Sound, ON - Image 171379 3rd Avenue E Owen Sound, ON - Image 181379 3rd Avenue E Owen Sound, ON - Image 191379 3rd Avenue E Owen Sound, ON - Image 201379 3rd Avenue E Owen Sound, ON - Image 211379 3rd Avenue E Owen Sound, ON - Image 221379 3rd Avenue E Owen Sound, ON - Image 23
Presented By: Keller Williams Realty Centres
  • MLS# X12457182
  • 10/10/2025
  • Request Tour
  • Request Info
  • Beds • 5
  • Baths • 2
  • SQFT • 1500-2000
  • Garage • 5

Home Details

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.
Presented By: Keller Williams Realty Centres

Interior Features for 1379 3rd Avenue E

Bedrooms

Bedrooms5
Total Bedrooms5

Bathrooms

Total Baths2

Other Interior Features

Air Conditioning Y/NNo
BasementUnfinished
Basement (Y/N)No
Elevator?No
Fireplace Y/NNo
Heat SourceGas
Heating Y/NNo
Interior AmenitiesSeparate Hydro Meter, Water Heater Owned
Living Area Range1500-2000

General for 1379 3rd Avenue E

Architectural Style2-Storey
Attached Garage No
CityOwen Sound
Construction MaterialsBrick
CoolingNone
CountyGrey County
Facing DirectionEast
Garage Y/NNo
Heater TypeForced Air
Legal DescriptionPT LT 23 E/S BAY ST PL OWEN SOUND AS IN R347918, T/W R347918 CITY OF OWEN SOUND
Lot Depth176.0
Lot Size UnitsFeet
ModificationTimestamp2025-10-11T12:40:24Z
New ConstructionNo
Occupancy TypeTenant
Parking Spaces 5
Pool FeaturesNone
Property Attached Y/NNo
Property SubtypeDuplex
Property TypeResidential Freehold
PropertyFeaturesHospital, School, School Bus Route, Rec./Commun.Centre, Public Transit, Park
RoofAsphalt Shingle
Senior Community Y/NNo
SewerSewer
Standard StatusActive
StatusNew
Tax Annual Amount2980.0
Tax Year2024

Exterior for 1379 3rd Avenue E

Covered Spaces0.0
Exterior AmenitiesPatio, Porch
Foundation DetailsStone
Garage TypeNone
Lot Size SourceMPAC
SpaNo
Total Parking5.0
Waterfront Y/NNo

Additional Details

Afrodite Chatzimalis

Sales Representative
Price $375,000
MLS#X12457182
List Date 10/10/2025
Property Type Multi-Family
Request Tour
Request Info
Visit My Website

Similar Properties to 1379 3rd Avenue E