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$600,000
Est. payment /mo
6 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Cobourg
MLS Listing ID X12295110
Style Bungalow
Bedrooms 6
Building Age 16-30
Annual Tax Amount $4,407
Tax Year 2024
Property Sub-Type Detached
Property Description
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!
Location
Province ON
County Northumberland
Community Cobourg
Area Northumberland
Rooms
Family Room No
Basement Apartment, Separate Entrance
Kitchen 2
Separate Den/Office 3
Interior
Interior Features Water Meter, Water Heater
Cooling Central Air
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Private Double, Other, Lane
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 55.77
Lot Depth 98.43
Total Parking Spaces 4
Building
Foundation Poured Concrete
Others
ParcelsYN No
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Listed by ROYAL SERVICE REAL ESTATE INC.