OPPORTUNITY, OPPORTUNITY, yes, all caps. Motivated Seller. Huge price reduction. Must Sell. $60,000.00 Annual Gross Income. CAP rate is 8.2 %. Both units have their own private driveway and private entrance. Live in one and rent the other or add this income generator to your portfolio. Lower unit recently renovated and legal extra driveway added. Turnkey investment not to be missed. All the "market turmoil" makes this a safe bet for your future. If you've ever dreamed of "passive income", now is your chance. Both 3 bed, one bath units in a great neighbourhood of the lakeside community of Cobourg which has forever had low vacancy rates. Act now! (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Living Area (Min):
1,100 sq. ft.102 m2
Living Area (Max):
1,500 sq. ft.139 m2
Zoning:
R2
Taxes:
$4,407 /
2024
Community:
Cobourg
Exterior Features:
Brick
Structure Type:
House
Utilities:
Sewer, Electricity, Cable
Appliances Included:
Water meter, Dishwasher, Dryer, Microwave, Two stoves, Two Washers, Water Heater, Two Refrigerators
Data was last updated September 16, 2025 at 11:15 AM (UTC)
Area Statistics
Listings on market:
193
Avg list price:
$998,888
Min list price:
$364,000
Max list price:
$3,249,000
Avg days on market:
41
Min days on market:
1
Max days on market:
620
Avg price per sq.ft.:
$531.7
These statistics are generated based on the current listing's property type
and located in
Cobourg. Average values are
derived using median calculations. This data is not produced by the MLS® system.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.