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Owen Sound,ON N4K 2L8
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Owen Sound
MLS Listing ID X12218010
Style 2-Storey
Bedrooms 5
Annual Tax Amount $2,980
Tax Year 2024
Property Sub-Type Duplex
Property 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.
Location
Province ON
County Grey County
Community Owen Sound
Area Grey County
Rooms
Family Room No
Basement Unfinished
Kitchen 2
Interior
Interior Features Separate Hydro Meter,Water Heater Owned
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Patio,Porch
Pool None
Roof Type Asphalt Shingle
Lot Frontage 36.0
Lot Depth 176.0
Total Parking Spaces 5
Building
Unit Features Hospital,School,School Bus Route,Rec./Commun.Centre,Public Transit,Park
Foundation Stone