BUYING, SELLING, INVESTING & LEASING WITH CONFIDENCE

37
1379 3rd Avenue E
$398,500 Sale
Listed 70 days ago
· 5
· 2
· 5
· 1500-2000
Listing History
Buy/Sell/Terminated/Expired listing history for 1379 3rd Avenue E
Key Facts
Key facts for 1379 3rd Avenue E
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 5 parking
MLS #
X12218010
Size
1500-2000 sqft
Basement
Unfinished
Listed on
2025-06-13
Lot size
36 x 176.0
Tax
$2,980 /yr
Days on Market
71
Approximate Age
-
Maintenance Fee
-
Description
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.
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Courtesy of: Keller Williams Realty Centres