ON > Cobourg > Cobourg
Cobourg, ON K9A 3E8,390/392 Mathew ST
Cobourg, ON K9A 3E8,390/392 Mathew ST
Cobourg, ON K9A 3E8,390/392 Mathew ST
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Lauren Johnston

Lauren Johnston

+1(705) 321-0091
$739,000
Est. payment /mo
3 Beds
2 Baths
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Cobourg

MLS Listing ID X12091153

Style 2-Storey

Bedrooms 3

Building Age 100+

Annual Tax Amount $4,151

Tax Year 2024

Property Sub-Type Duplex

Property Description

Exceptional Semi-Detached 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. 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. 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%+ cap rate, large private outdoor spaces for each unit and sitting on a large in town lot with limitless future potential!

Location

Province ON

County Northumberland

Community Cobourg

Area Northumberland

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

Interior Features Water Heater, Separate Hydro Meter

Heating Yes

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Landscaped, Privacy, Year Round Living, Recreational Area, Lighting

Parking Features Private

Pool None

View City

Roof Type Shingles

Topography Flat

Lot Frontage 156.0

Lot Depth 45.0

Total Parking Spaces 4

Building

Unit Features Beach,Hospital,Library,Place Of Worship,Public Transit

Foundation Stone

Others

ParcelsYN No

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Listed by RE/MAX ROUGE RIVER REALTY LTD.

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Lauren Johnston

+1(705) 321-0091

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