Size
-
Lot size
11141 sqft
Street frontage
-
Possession
Immediate
Price per sqft
$290 - $387
Taxes
$3,553 (2024)
Parking Type
-
Style
2-Storey
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Description
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.
Broker: CENTURY 21 LEADING EDGE REALTY INC.
MLS®#: X12273256
Property details
Parking:
6
Parking type:
-
Property type:
Detached
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
1500-2000 sqft
Lot front:
71 Ft
Lot depth:
143 Ft
Listed on:
Jul 9, 2025
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Rooms
Level | Name | Size | Features |
---|---|---|---|
Main | Bedroom | 10.0 x 10.0 ft | |
Main | Dining Room | 16.0 x 12.0 ft | |
Second | Kitchen | 6.9 x 7.9 ft |
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Instant estimate:
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$13,465
higher than listed pricei
High
$622,092
Mid
$593,365
Low
$563,155
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