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Key Facts
Key facts for 1379 3rd Avenue E
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 5 parking
MLS #
X12457182
Size
1500-2000 sqft
Basement
Unfinished
Listed on
2025-10-10
Lot size
36 x 176.0
Tax
$2,980 /yr
Days on Market
1
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--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.
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