433 COTTESMORE AVENUE W

Cobourg K9A 4E4

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. (id:2493)