- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- X12457182
- Bedrooms:
- 5
- Bathrooms:
- 2
- Photos (24)
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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. (id:2493)
- Property Type:
- Multi-family
- Property Attached:
- Yes
- Living Area (Min):
- 1,500 sq. ft.
- Living Area (Max):
- 2,000 sq. ft.
- Taxes:
- $2,980 / -
- Community:
- Owen Sound
- Features:
- Separate Electricity Meters
- Exterior Features:
- Brick
- Community Features:
- School Bus, Community Centre
- Structure Type:
- Duplex
- Utilities:
- Sewer, Electricity, Cable
- Appliances Included:
- Washer, Refrigerator, Stove, Dryer, Water Heater
- Bedrooms:
- 5
- Bedrooms Above Grade:
- 5
- Bathrooms:
- 2.0
- Fireplace:
- No
- Foundation:
- Stone
- Heating:
- Forced air, Natural gas
- # Storeys:
- 2.0
- Water:
- Municipal water
- Sewer:
- Sanitary sewer
- Basement:
- Unfinished, N/A
- Lot Frontage:
- 36'
- Lot Details:
- 36 x 176 FT
- Parking:
- No Garage
- Total Parking Spaces:
- 5
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Smart Investment. Solid Returns. No Drama. -
$41,000 in Annual Rental Income
-
8.5% Cap Rate
-
Main Floor Unit Living Room
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Main Floor Unit Living Room
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Main Floor Unit Kitchen
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Main Floor Unit First Bedroom
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Main Floor Unit First Bedroom
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Main Floor Unit Second Bedroom
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Main Floor Unit 4 Piece Bathroom
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Main Floor Unit 4 Piece Bathroom
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Main Floor Unit Third Bedroom
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Main Floor Unit Third Bedroom
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Main Floor Unit Hallway
-
Main Floor Unit Hallway
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Upper Unit Kitchen
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Upper Unit Kitchen
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Upper Unit Laundry
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Upper Unit Kitchen
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Upper Unit First Bedroom
-
Upper Unit First Bedroom
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Upper Unit 4 Piece Bathroom
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Upper Unit Second Bedroom
-
Upper Unit Hallway
Listed by Keller Williams Realty Centres
Data was last updated October 12, 2025 at 03:45 AM (UTC)
- MARLA SIMON
- ROYAL LEPAGE LOCATIONS NORTH (THORNBURY), BROKERAGE
- 1 (705) 9942595
- Contact by Email
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