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$ 669,000
Est. payment | /mo
3 Beds
2 Baths
2,000 SqFt
$ 669,000
Est. payment | /mo
3 Beds
2 Baths
2,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $334
Subdivision Cobourg
MLS® Listing ID X12215573
Bedrooms 3
Source Central Lakes Association of REALTORS®
Property Description
Exceptional Duplex in a prime downtown location, just steps from downtown, nestled near the stunning Heritage Harbour, beach and an array of restaurants and shops nearby. This property is a fantastic investment with strong cash flow and outstanding rental Income of $4108.75/mth, unit 390 becoming vacant September 1, 2025. Great opportunity to live in one unit and rent the other or rent to your own tenant. The property features an expansive in town lot, featuring 156 feet of frontage along Mathew St, with convenient and plentiful parking available for residents and guests. This large lot with additional space allows for ample opportunity for expansion and or possible ADU unit. Unit 390 features 2-Bedrooms, 1 bath, 1200+ sq ft of living space, greatly designed across two levels, featuring in-suite laundry and an inviting outdoor area, ideal for family living or attracting tenants. Unit 390 is currently rented for $2408.75/mth plus hydro and becoming vacant September 1, 2025. Unit 392 features 1-Bedroom, 1 bath, over 800+ sq ft, boasts a spacious kitchen, stylish bathroom, in-suite laundry, and a private outdoor space perfect for privacy & relaxation. Unit 390 is currently rented for $1700/mth. Seize this incredible opportunity to invest in a turn-key property, great income & 5.5%+ cap rate, large private outdoor spaces for each unit and sitting on a large in town lot with limitless future potential! (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N Yes
View City view
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://unbranded.youriguide.com/392_390_mathew_st_cobourg_on/
Listed by RE/MAX ROUGE RIVER REALTY LTD.
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