390/392 Mathew ST new Save Request In-Person Tour Request Virtual Tour
Cobourg,ON K9A 3E8
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
Virtual Tour https://unbranded.youriguide.com/392_390_mathew_st_cobourg_on/