1379 3rd Ave E
Owen Sound, Owen Sound
$375,000
Buy with Dwelly and Save $3,750
Home Details
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Listing 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--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.
Two (2) Fridges, Two (2) Stoves, Two (2) Washers, Two (2) Dryers, Owned Hot Water Tank
City: Owen Sound
Neighborhood: Owen Sound
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Jun 13, 2025 | 118 | $398,500 | N/A | Terminated | X12218010 |
Rooms
Room dimensions for 1379 3rd Ave E, Owen Sound
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 1379 3rd Ave E is 2097
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $375000 |
| Down Payment | $75000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $300000 |
Monthly Payment
| Mortgage Payment | $1849 |
| Property Taxes | $248 |
| Maintenance Fees | $0 |
| Monthly Payment | $2097 |
Sold Comparables
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About 1379 3rd Ave E, Owen Sound
Located at 1379 3rd Ave E , this Owen Sound house is available for sale. This property was listed for $375,000 on Fri Oct 10 2025. This house's size is 1500-2000 Sqft. It has 5 bedrooms and 2 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 5 parking spots. 1379 3rd Ave E, Owen Sound is situated in the Owen Sound neighbourhood.
MLS#: X12457182 · $375,000 · 5 bedroom house in Owen Sound, Owen Sound