1379 3rd Avenue E Owen Sound, Ontario N4K 2L8
$398,500
NOW OFFERING VACANT POSSESSION ON THE MAIN FLOOR. PICK YOUR OWN TENANT, SET YOUR OWN RENTAL RATE. Income-Generating Duplex with Nearly 8% Cap Rate in Prime Location. Looking for an easy investment? This legal duplex offers immediate cash flow with an annual rental income of $40,000 last year. 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:13139)
Property Details
| MLS® Number | X12218010 |
| Property Type | Multi-family |
| Community Name | Owen Sound |
| AmenitiesNearBy | Hospital, Schools, Public Transit, Park |
| CommunityFeatures | School Bus, Community Centre |
| ParkingSpaceTotal | 5 |
| Structure | Patio(s), Porch |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Hospital, Schools, Public Transit, Park |
| Sewer | Septic System |
| SizeDepth | 176 Ft |
| SizeFrontage | 36 Ft |
| SizeIrregular | 36 X 176 Ft |
| SizeTotalText | 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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July 02 2025 07:32:51
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Keller Williams Realty Centres