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Type: Investment
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Property Type: Commercial
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Zoning: R2
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Age: 51-99 years
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Taxes: 4015.52
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MLS®#: X10404678
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Days on Site: 1 Days
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Added: Nov 01, 2024 (2 weeks ago)
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Updated:
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Last Checked: 42 minutes ago
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Listed By: CENTURY 21 ALL-PRO REALTY (1993) LTD.
Well updated, Well-Tenant with lease agreement in place. Renew date of May 15 2025. Superb tenants. Brings in solid rental income approx. 6% Cap. Brick Bungalow with Detached Garage that has Heated Workshop in back sitting on a "rare for in-town" lot. Sited on a Quiet cul de sac this lot widens & backs onto greenspace behind of Old-Growth Forest & flowing Creek. 3+1BR is walking distance to schools, parks, amenities. 2km to the Beach, Boardwalk & Marina. Close to 401 or VIA Station for commuters. On bus routes. Suitable for Retirees or Family Tenants. Can possibly expanded into more units. (Apply to use the CMHC refinancing of up to 90% of your home to install a secondary unit? Must qualify for program.) Could possibly make this property into two units: either from back door entrance to the lower level through kitchen -- or possibly convert garage to Secondary Unit (if Bldg permits approved) Located in established, friendly Neighbourhood of well-landscaped homes showing pride of ownership. Mature trees & pretty gardens surround. Solid bungalow features newer windows including Big Picture Window & Glass Sliding Doors in Dining Rm (currently used as a 3rd BR or home office) This room walks-out to a Private Covered Deck w/ Skylights & overlooks the backyard. Main-level living. Bright & classic home with many updates. Modern, lighting, Refinished oak strip hardwood floors. Plenty of Oak cabinetry in bright kitchen w/ ceramic backsplash. Updated 4pce bath. 3BR or 2BR+Office/Din Rm w/ walkout to deck. Lower Level offers Pot Lights, Wall Sconces. Recently painted, Newly installed Luxury Vinyl Laminate flooring, a Gas Stove in Rec Room to keep cosy in fall/winter, Wet Bar, Updated 3pce Bath, & Large updated Laundry Rm w/useful Chest Freezer, a Storage Room w/ work bench & utility room. A Perfect property for those who want Combined Living options with a back door that walks directly down to the fully-finished lower living level or for investors.
Extras
Det Garage w/Heated Workshop. Central A/C. Ceramic backsplash. Gas Stove in Rec Room. Refinished oak strip floors. UPDATED: lighting, Vanities, Toilets, Fixtures. Pot Lights, Wall Sconces. Recently painted. Luxury Vinyl Laminate flooring.
Property
Status: Sale
Property Type: Investment
Property Type: Accommodation
Age: 51-99
Net Income: 45504
Area: Cobourg
Community: Cobourg
Availability Date: TBD
Inside
Bathrooms: 2
Air Conditioning: Y
Washrooms: 2
Utilities
Utilities: Yes
Building
Heat Type: Gas Forced Air Closd
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Single Detached
Covered Parking Spaces: 3
Fees
Tax Year: 2024
Tax Legal Description: LT 11 PL 227 COBOURG; COBOURG
Taxes: $4,016
Expenses: Est
Insurance Fee: 1430
Taxes Type: Annual
Taxes: 4016
Tax Year: 2024
Land
Cross Street: Darcy And Nickerson
Municipality District: Cobourg
Parcel Number: 512440294
Sewer: San+Storm
Lot Depth: 111.2 Feet
Lot Frontage: 44.85 Feet
Zoning: R2
Commercial Specific
Total Area: 912
Total Area Metric: Sq Ft
Lot Code: Lot
Merwin Greer School
Elementary: PublicSt. Joseph Catholic Elementary School
Elementary: CatholicSt. Michael Catholic Elementary School
Elementary: CatholicNotre Dame Catholic Elementary School
Elementary: CatholicTerry Fox Public School
Elementary: PublicC R Gummow School
Elementary: PublicPeterborough Collegiate and Vocational School
Secondary: PublicPort Hope High School
Secondary: PublicKenner Collegiate and Vocational Institute
Secondary: PublicHoly Cross Catholic Secondary School
Secondary: CatholicSt. Mary Catholic Secondary School
Secondary: CatholicCobourg Collegiate Institute
Secondary: Public
