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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$398,500
Available - For Sale
Listing ID: X12218010
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.
Price $398,500
Taxes: $2,980
Assessment Year: 2024
Occupancy by: Tenant
Address: 1379 3rd Aven East , Owen Sound, N4K 2L8, Grey County
Directions/Cross Streets: From the Owen Sound Farmer's Market, head East on 8th Ave E then North onto 3rd Ave E. This turn-key
Rooms: 11
Bedrooms: 5
Bedrooms +: 0
Washrooms: 2
Family Room: F
Basement: Unfinished
No. of Pieces Level
Washroom 1 4 Main
Washroom 2 4 Second
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 4 Main
Washroom 7 4 Second
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 4 Main
Washroom 12 4 Second
Washroom 13 0
Washroom 14 0
Washroom 15 0
Property Type: Duplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 5
Pool: None
Approximatly Square Footage: 1500-2000
Property Features: Hospital
School
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Septic
Utilities-Cable: Y
Utilities-Hydro: Y
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Keller Williams Realty Centres

1379 3rd Aven East , Owen Sound, N4K 2L8, Grey County

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Duplex
Area: Grey County
Municipality: Owen Sound
Neighbourhood: Owen Sound
Style: 2-Storey
Lot Size: x 176.00(Feet)
Approximate Age:
Tax: $2,980
Maintenance Fee: $0
Beds: 5
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
Locatin Map:
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Rate: %
Amortization:  Years
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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