Owen Sound, ON N4K2L8 1379 3rd Avenue E
$375,000



19 more




















Presented By: Keller Williams Realty Centres
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