Property Information:

Discover the perfect addition to your portfolio with this beautifully maintained triplex, ideally located just a short stroll from Cobourg's renowned beach, vibrant downtown, picturesque parks, and popular restaurants.This property features three charming two-bedroom apartments, each designed for comfort and character, with original hardwood flooring adding timeless appeal. Fully tenanted, this is a true turnkey investment offering immediate and consistent rental income. Recent updates provide added peace of mind, including new water and sewer lines completed in 2024. With ample parking and R5 zoning, the property also presents exciting potential for future growth and development.The main-floor apartment currently rents for $2,000 per month, the lower unit rents for $1,150 per month, and the upper unit rents for $1,900 per month. Don't miss your chance to secure a prime Cobourg investment that combines strong income, long-term potential, and an unbeatable location. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Air Conditioning: Yes
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 1500 - 2000 sqft
Foundation Type: Block
Heating Type: Radiant heat
Heating Fuel: Natural gas
Cooling Type: Wall unit
Appliances: Water meter, Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 4+2
Bathrooms: 3
Features: Flat site, Sump Pump
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 196 Feet
Lot Frontage: 45 Feet
Lot Size: 45 x 196 FT
Structure Type: Deck
Zoning: R5
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 7

Courtesy of: RE/MAX ROUGE RIVER REALTY LTD.

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Demographic Information of 234 KING STREET E, Cobourg, Ontario, K9A 1L6

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$112,669.56

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.17 %

High school certificate or equivalent

34.74 %

Apprenticeship trade certificate/diploma

4.6 %

College/non-university certificate

23.7 %

University certificate (below bachelor)

1.56 %

University Degree

20.22 %

Commuter

Travel To Work

By Car

84.06 %

By Public Transit

0.66 %

By Walking

7.49 %

By Bicycle

0.0 %

By Other Methods

7.79 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

24.75 %

Houses

75.25 %

234 KING STREET E, Cobourg, Ontario, K9A 1L6