1379 3rd Avenue, Owen Sound, ON
Property no longer active
This property was sold on November 15, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Owen Sound. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $375,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 36 x 176 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Separate Hydro Meter, Water Heater Owned
- Efficient forced air heating via gas
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.
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Property Summary
This duplex located at 1379 3rd Avenue, Owen Sound is currently for sale and has been available on SousaSells for 300 days. This property is listed at $375,000 with an estimated mortgage of $1,248* per month. It has 5 beds, 2 bathrooms, and is 1500-2000 square feet. 1379 3rd Avenue, Owen Sound is in the Owen Sound neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Owen Sound, Owen Sound.
- •5 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Owen Sound, Owen Sound.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Hospital
- School
- School Bus Route
- Rec./Commun.Centre
- Public Transit
- Park
Interior Features
- Separate Hydro Meter
- Water Heater Owned
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 1379 3rd Avenue, Owen Sound, ON
Q.What is the asking price for 1379 3rd Avenue, Owen Sound, ON ?
The current listing price for 1379 3rd Avenue, Owen Sound, ON in Owen Sound, Owen Sound is $375,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 2 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 1379 3rd Avenue, Owen Sound, ON ?
1379 3rd Avenue, Owen Sound, ON is a Duplex (2-Storey) featuring a Unfinished basement.
Q.What key property features does 1379 3rd Avenue, Owen Sound, ON offer?
Key property features include: Hospital, School, School Bus Route, Rec./Commun.Centre, Public Transit, Park.
Q.What interior features are included in this home?
Interior highlights include: Separate Hydro Meter, Water Heater Owned.
Q.Is parking available at this property?
Yes, this property offers parking space for 5.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 1379 3rd Avenue E, Owen Sound, ON N4K 2L8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Owen Sound, ON
For a property listed at $375,000 in Owen Sound, the legal minimum down payment is $18,750 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,100 for this transaction. As this listing is in Owen Sound (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,100.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.