390/392 Mathew Street, Cobourg, K9A3E8

Home Overview

Description

Exceptional 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, unit 390 becoming vacant September 1, 2025. Great opportunity to live in one unit and rent the other or rent to your own tenant. 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 and becoming vacant September 1, 2025. 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 & 5.5%+ cap rate, large private outdoor spaces for each unit and sitting on a large in town lot with limitless future potential! (id:39198)

75 days

On Market

Multi-family

Property Type

$4,152 / Year

Est. Annual Taxes

Duplex

Style

-

Garage

Unfinished, N/A

Basement

Location & Areas