37
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$398,500
Est. payment /mo
5 Beds
2 Baths
Active
1379 3rd AVE E Owen Sound, ON N4K 2L8
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Owen Sound
MLS Listing ID X12218010
Style 2-Storey
Bedrooms 5
Annual Tax Amount $2,980
Tax Year 2024
Property Sub-Type Duplex
Property Description
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.
Location
Province ON
County Grey County
Community Owen Sound
Area Grey County
Rooms
Family Room No
Basement Unfinished
Kitchen 2
Interior
Interior Features Separate Hydro Meter, Water Heater Owned
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Patio, Porch
Pool None
Roof Type Asphalt Shingle
Lot Frontage 36.0
Lot Depth 176.0
Total Parking Spaces 5
Building
Unit Features Hospital,School,School Bus Route,Rec./Commun.Centre,Public Transit,Park
Foundation Stone
Listed by Keller Williams Realty Centres