Home with brick exterior material, street for 1379 3rd Ave, Owen Sound Ontario N4K 2L8
Re-listed 1 day ago

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

Townhouse
5
2
~1500-2000 sqft
$•••,•••
$375,000
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Townhouse
5
2
~1500-2000 sqft

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Highlights

Property Estimate

Days on market1 day

Total days on market
120 days

Estimated valueNot available

Price/Sqft$219/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--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.


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size6,336 SqFt(176 x 36)
Parking Spaces5
MLS ®NumberX12457182
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

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
1 day on market
history photo preview24
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

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Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

105 days

Compared to

2024

0 day

2023

16 days

2022

49 days

New Listings

Past 30 days

3 listings

Compared to

2024

4 listings

2023

8 listings

2022

8 listings

Units sold

Past 30 days

2 units

Compared to

2024

0 unit

2023

2 units

2022

2 units

Median Sold Price

Past 30 days

$363,177

Compared to

2023

$478,500

2022

$371,500


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