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Cobourg, ON K9A 3E8,390/392 Mathew ST
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Cobourg, ON K9A 3E8,390/392 Mathew ST
Cobourg, ON K9A 3E8,390/392 Mathew ST
Cobourg, ON K9A 3E8,390/392 Mathew ST
Cobourg, ON K9A 3E8,390/392 Mathew ST
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Jamie Black

Jamie Black

Royal LePage Terrequity Realty, Brokerage

+1(416) 496-9220
$ 669,000
Est. payment /mo
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390/392 Mathew ST Cobourg, ON K9A 3E8

3 Beds

2 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Cobourg

MLS Listing ID X12215573

Style 2-Storey

Bedrooms 3

Building Age 100+

Annual Tax Amount $4,151

Tax Year 2024

Property Sub-Type Duplex

Appx SqFt 2000-2500

Property 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!

Location

Province ON

County Northumberland

Community Cobourg

Area Northumberland

Zoning Residential

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

Interior Features Water Heater, Separate Hydro Meter

Cooling None

Inclusions 2 x Fridge, 2 x Stove, 2 x Washer, 2 X Dryer, light fixtures

Exterior

Exterior Feature Landscaped, Privacy, Year Round Living, Recreational Area, Lighting

Parking Features Private

Pool None

View City

Roof Type Shingles

Lot Frontage 156.0

Lot Depth 45.0

Total Parking Spaces 4

Building

Foundation Stone

Others

Senior Community No

Virtual Tour https://unbranded.youriguide.com/392_390_mathew_st_cobourg_on/

Listed by RE/MAX ROUGE RIVER REALTY LTD.
agent

Jamie Black

Sales Representative

+1(416) 496-9220

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390/392 Mathew ST

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