About 433 Cottesmore Avenue

Prime investment opportunity in the heart of Cobourg. This fully renovated and exceptionally maintained triplex features three updated one-bedroom units, each offering modern finishes and efficient layouts. With separate hydro meters, tenants have full control over their utility usage, reducing overhead costs and increasing appeal. Located on a spacious 71' x 142' lot, the property includes private outdoor areas, ample parking for residents and guests, and shared access to a basement with laundry facilities and abundant storage space. Recent upgrades include a forced-air gas furnace (2016), new shingles (2017), copper plumbing, and a 200-amp electrical service. These improvements enhance energy efficiency and minimize maintenance expenses, making this a truly turn-key investment. Currently generating $4,658 per month in net rental income, the units are tenanted as follows: Unit 1 at $1125/month, Unit 2 at $1733/month, and Unit 3 at $1800/month. Unit 3 is currently vacant, allowing for immediate occupancy or the ability to secure a new tenant at market rate. Each unit is self-contained, bright, and well-appointed, ensuring continued demand and low vacancy. Priced to sell, this is an ideal opportunity for investors seeking steady cash flow and long-term appreciation in one of Ontario's most desirable small towns. Floor plans are available for review. Don't miss your chance to add this solid income property to your portfolio.

Additional Details