1379 3rd Avenue E
Owen Sound
N4K 2L8
$365,000
Residential Freehold
beds: 5
baths: 2.0
- Status:
- Sold
- Sold Date:
- Nov 15, 2025
- Listed Price:
- $365,000
- Sold Price:
- $365,000
- Sold in:
- 36 days
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12457182
- Bedrooms:
- 5
- Bathrooms:
- 2
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.
- Property Type:
- Residential Freehold
- Property Sub Type:
- Duplex
- Home Style:
- 2-Storey
- Total Approx Floor Area:
- 1500-2000
- Lot Depth:
- 176'
- Lot Frontage:
- 36'
- Lot Shape:
- Rectangular
- Direction Faces:
- East
- Bedrooms:
- 5
- Bathrooms:
- 2.0
- Water supply:
- Municipal
- Kitchens:
- 2
- Bedrooms Above Grade:
- 5
- Kitchens Above Grade:
- 2
- Rooms Above Grade:
- 11
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Foundation:
- Stone
- Roof:
- Asphalt Shingle
- Basement:
- Unfinished
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Spaces:
- 5
- Total Parking Spaces:
- 5.0
- Family Room:
- No
- Possession Details:
- Before December 1 Preferred
- Pool:
- None
- HST Applicable To Sale Price:
- Not Subject to HST
- Taxes:
- $2,980 / 2024
- Assessment:
- $- / -
- Grey County
- Owen Sound
- Owen Sound
- Hospital, School, School Bus Route, Rec./Commun.Centre, Public Transit, Park
- Separate Hydro Meter, Water Heater Owned
- Patio, Porch
- Two (2) Fridges, Two (2) Stoves, Two (2) Washers, Two (2) Dryers, Owned Hot Water Tank
- Brick
- Utilities Cable:
- Yes
- Utilities Telephone:
- Yes
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Sewers:
- Yes
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Date Listed:
- Oct 10, 2025
-
$41,000 in Annual Rental Income -
Smart Investment. Solid Returns. No Drama.
-
8.5% Cap Rate
-
Main Floor Unit Living Room
-
Main Floor Unit Living Room
-
Main Floor Unit Kitchen
-
Main Floor Unit First Bedroom
-
Main Floor Unit First Bedroom
-
Main Floor Unit Second Bedroom
-
Main Floor Unit 4 Piece Bathroom
-
Main Floor Unit 4 Piece Bathroom
-
Main Floor Unit Third Bedroom
-
Main Floor Unit Third Bedroom
-
Main Floor Unit Hallway
-
Main Floor Unit Hallway
-
Upper Unit Kitchen
-
Upper Unit Kitchen
-
Upper Unit Laundry
-
Upper Unit Kitchen
-
Upper Unit First Bedroom
-
Upper Unit First Bedroom
-
Upper Unit 4 Piece Bathroom
-
Upper Unit Second Bedroom
-
Upper Unit Hallway
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Listed by Keller Williams Experience Realty
Data was last updated November 17, 2025 at 09:15 PM (UTC)
- MICHELLE WRIGHT
- ROYAL LEPAGE EXCHANGE REALTY CO. BROKERAGE
- 1 (519) 3855288
- Contact by Email
Royal LePage Exchange Realty Co. Brokerage
777 QUEEN STREET BOX 1270
Kincardine, ON, N2Z 2Z4