1379 3rd Avenue East

For Sale 84 Days
$398,500
5 beds
2 baths

1379 3rd Avenue East

For Sale 84 Days
$398,500
5 beds
2 baths

Highlights

Key insights

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. (id:63267)

HAILEY MACARTHUR of Keller Williams Realty Centres,
#X12218010
updated 1 week ago.
Houseful checked MLS® for data 1 week ago.

Home overview

Amenities / Utilities
  • Heat source
    Natural gas
  • Heat type
    Forced air
  • Sewer/ septic
    Septic system
Exterior
  • # total stories
    2
  • # parking spaces
    5
Interior
  • # full baths
    2
  • # total bathrooms
    2.0
  • # of above grade bedrooms
    5
Location
  • Community features
    School bus, community centre
  • Subdivision
    Owen sound
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12218010
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28463169/1379-3rd-avenue-e-owen-sound-owen-sound
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-1,063

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25 Years fixed, 20% down payment, % interest
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