433 Cottesmore Avenue W Cobourg, Ontario K9A 4E4

3 Bedroom 3 Bathroom 1,500 - 2,000 ft2
Wall Unit Forced Air

$579,900

Prime investment opportunity in the heart of Cobourg. This fully renovated and exceptionally maintained triplex features three updated one-bedroom units, each offering modern finishes and efficient layouts. With separate hydro meters, tenants have full control over their utility usage, reducing overhead costs and increasing appeal. Located on a spacious 71' x 142' lot, the property includes private outdoor areas, ample parking for residents and guests, and shared access to a basement with laundry facilities and abundant storage space. Recent upgrades include a forced-air gas furnace (2016), new shingles (2017), copper plumbing, and a 200-amp electrical service. These improvements enhance energy efficiency and minimize maintenance expenses, making this a truly turn-key investment. Currently generating $4,658 per month in net rental income, the units are tenanted as follows: Unit 1 at $1125/month, Unit 2 at $1733/month, and Unit 3 at $1800/month. Unit 3 is currently vacant, allowing for immediate occupancy or the ability to secure a new tenant at market rate. Each unit is self-contained, bright, and well-appointed, ensuring continued demand and low vacancy. Priced to sell, this is an ideal opportunity for investors seeking steady cash flow and long-term appreciation in one of Ontario's most desirable small towns. Floor plans are available for review. Don't miss your chance to add this solid income property to your portfolio. (id:53661)

Property Details

MLS® Number X12273256
Property Type Single Family
Community Name Cobourg
Features Irregular Lot Size, In-law Suite
Parking Space Total 6

Building

Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Total 3
Age 100+ Years
Amenities Separate Electricity Meters
Appliances Stove, Refrigerator
Basement Type Full
Construction Style Attachment Detached
Cooling Type Wall Unit
Exterior Finish Vinyl Siding
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1,500 - 2,000 Ft2
Type House
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 143 Ft ,8 In
Size Frontage 71 Ft ,3 In
Size Irregular 71.3 X 143.7 Ft
Size Total Text 71.3 X 143.7 Ft

Rooms

Level Type Dimensions
Second Level Bedroom 3.35 m x 3.12 m
Second Level Den 3.66 m x 2.4 m
Second Level Kitchen 2.1 m x 2.4 m
Second Level Living Room 5.18 m x 4.27 m
Second Level Bedroom 4.27 m x 3.05 m
Basement Laundry Room 4.97 m x Measurements not available
Main Level Den 2.14 m x 3.66 m
Main Level Kitchen 4.88 m x 3.66 m
Main Level Dining Room 4.88 m x 3.66 m
Main Level Bedroom 3.05 m x 3.05 m
Main Level Kitchen 2.24 m x 4.72 m
Main Level Living Room 3.05 m x 4.72 m

https://www.realtor.ca/real-estate/28581110/433-cottesmore-avenue-w-cobourg-cobourg

Your Favourites

 

No Favourites Found