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! (id:4069)
Address
390/392 MATHEW STREET
List Price
$739,000
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Cobourg
Bedrooms
3
Bathrooms
2
Floor Area
20,002,500 Sq. Ft.
Lot Size
156 x 45 FT Ac.
MLS® Number
X12091153
Listing Brokerage
RE/MAX ROUGE RIVER REALTY LTD.
Basement Area
N/A (Unfinished)
Postal Code
K9A3E8
Zoning
Residential
Site Influences
Beach, Hospital, Place of Worship, Public Transit, View
Features
Flat site, Lighting
Amenities
Separate Electricity Meters
