1379 3rd Avenue E Owen Sound, Ontario N4K 2L8
$398,500
Income-Generating Duplex with Nearly 8% Cap Rate in Prime Location. Looking for an easy investment? This legal duplex offers immediate cash flow with tenants in place and an annual rental income of $40,000. 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. (id:54532)
Property Details
MLS® Number | X12218010 |
Property Type | Multi-family |
Community Name | Owen Sound |
Amenities Near By | Hospital, Schools, Public Transit, Park |
Community Features | School Bus, Community Centre |
Parking Space Total | 5 |
Structure | Patio(s), Porch |
Building
Bathroom Total | 2 |
Bedrooms Above Ground | 5 |
Bedrooms Total | 5 |
Amenities | Separate Electricity Meters |
Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
Basement Development | Unfinished |
Basement Type | N/a (unfinished) |
Exterior Finish | Brick |
Foundation Type | Stone |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Stories Total | 2 |
Size Interior | 1,500 - 2,000 Ft2 |
Type | Duplex |
Utility Water | Municipal Water |
Parking
No Garage |
Land
Acreage | No |
Land Amenities | Hospital, Schools, Public Transit, Park |
Sewer | Septic System |
Size Depth | 176 Ft |
Size Frontage | 36 Ft |
Size Irregular | 36 X 176 Ft |
Size Total Text | 36 X 176 Ft |
Utilities
Cable | Installed |
Electricity | Installed |
Sewer | Installed |
https://www.realtor.ca/real-estate/28463169/1379-3rd-avenue-e-owen-sound-owen-sound
Contact Us
Contact us for more information
Hailey Macarthur
Broker
thegeorgianbayteam.com/
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