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
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 |
Length |
Width |
Dimensions |
Second Level |
Bedroom |
3.35 m |
3.12 m |
3.35 m x 3.12 m |
Second Level |
Den |
3.66 m |
2.4 m |
3.66 m x 2.4 m |
Second Level |
Kitchen |
2.1 m |
2.4 m |
2.1 m x 2.4 m |
Second Level |
Living Room |
5.18 m |
4.27 m |
5.18 m x 4.27 m |
Second Level |
Bedroom |
4.27 m |
3.05 m |
4.27 m x 3.05 m |
Basement |
Laundry Room |
4.97 m |
|
4.97 m x Measurements not available |
Main Level |
Den |
2.14 m |
3.66 m |
2.14 m x 3.66 m |
Main Level |
Kitchen |
4.88 m |
3.66 m |
4.88 m x 3.66 m |
Main Level |
Dining Room |
4.88 m |
3.66 m |
4.88 m x 3.66 m |
Main Level |
Bedroom |
3.05 m |
3.05 m |
3.05 m x 3.05 m |
Main Level |
Kitchen |
2.24 m |
4.72 m |
2.24 m x 4.72 m |
Main Level |
Living Room |
3.05 m |
4.72 m |
3.05 m x 4.72 m |
https://www.realtor.ca/real-estate/28581110/433-cottesmore-avenue-w-cobourg-cobourg