Home with brick exterior material, street for 1379 3rd Ave, Owen Sound Ontario N4K 2L8
50 days on Market

1379 3rd Ave, Owen Sound, Ontario N4K 2L8

Townhouse
5
2
~1500-2000 sqft
$398,500
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Townhouse
5
2
~1500-2000 sqft

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Highlights

Property Estimate

Days on market50 days

Estimated valueNot available

Price/Sqft$232/sqft

Monthly cost

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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.


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size6,336 SqFt(176 x 36)
Parking Spaces5
MLS ®NumberX12218010
Community NameOwen Sound
Data SourceTRREB
Listing byKeller Williams Realty Centres

Features

Heating: Forced Air
Basement: Unfinished

Features

Lot size: 6,336 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 5


Property History

Jun 13, 2025
ListedActive
$398,500
50 days on market
history photo preview37
Listing by trreb®
Property listed by Keller Williams Realty Centres, Brokerage
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Market Data - Owen Sound

Geo Zone Map ThumbnailOwen Sound

Strong Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

36 days

Compared to

2024

31 days

2023

19 days

2022

15 days

New Listings

Past 30 days

6 listings

Compared to

2024

0 listing

2023

1 listing

2022

2 listings

Units sold

Past 30 days

3 units

Compared to

2024

2 units

2023

2 units

2022

2 units

Median Sold Price

Past 30 days

$440,000

Compared to

2024

$290,000

2023

$528,750

2022

$397,500


Population and Demographics

Overview

Total population 19772
Average household income $97,720

Age (%)

0 to 19
19%
20 to 34
17%
35 to 49
16%
50 to 64
21%
65 and plus
27%

Household composition (%)

Single family
57%
Single person
40%
Multi person
3%
Multi family
0%

Mother tongue (%)

English
96%
Others
3%
French
1%

House tenancy (%)

Owners
59%
Renters
41%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget