1379 3RD AVENUE EAST

Owen Sound, , N4K2L8, Canada

$398,500

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. Both units are separately metered, well maintained, and tenants pay their own hydro, keeping your overhead low. 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. 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. Opportunities like this don't come around often. Invest smart and watch your portfolio grow.

EXTRAS: Washer, Refrigerator, Stove, Dryer, Water Heater

Last updated on : Friday 1st of August 2025 10:55:43 PM

ADDRESS

Street : 1379 3RD AVENUE EAST

City : Owen Sound

Country : Canada

Postal Code : N4K2L8

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PROPERTY SUMMARY

Property ID : X12218010

Building Type : Duplex

Property Type : Multi-family

Bedrooms : 5

Bathrooms : 2

Parking : 5

Parking Type: No Garage

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