433 Cottesmore AVE W new Save Request In-Person Tour Request Virtual Tour
Cobourg,ON K9A 4E4
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Cobourg
MLS Listing ID X12273256
Style 2-Storey
Bedrooms 3
Building Age 100+
Annual Tax Amount $3,553
Tax Year 2024
Property Sub-Type Detached
Property 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.
Location
Province ON
County Northumberland
Community Cobourg
Area Northumberland
Rooms
Family Room No
Kitchen 3
Interior
Cooling Wall Unit(s)
Exterior
Parking Features Private
Pool None
Roof Type Other
Building
Foundation Other