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BEDROOMS3
BATHROOMS3
KITCHENS9
ROOMSX8293756
MLSIDContact Us
Property Description
Immaculately maintained and modernized, this triplex nestled in Cobourg's heart offers an exceptional investment opportunity, Lucrative Gross Income of $58,080/Year. Each unit has been meticulously updated, ensuring a hassle-free experience for both owner and tenants. Units 2 & 3 boast separate hydro meters, promoting tenant independence. With cozy one-bedroom layouts tailored to modern lifestyles, residents enjoy comfortable living spaces. The shared basement provides laundry facilities and ample storage. Key upgrades, including a forced-air gas furnace installed in 2016 and recently replaced shingles in 2017. The property features copper plumbing and wiring with a 200-amp service, promising reliability for years to come. Sitting on a spacious lot measuring 71' x 142', tenants have their own outdoor spaces for privacy and community enjoyment. Parking is abundant, catering to the needs of both residents and visitors. Full Financials Available upon request
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-04-20 | 2024-04-30 | 10 | $1,049,000 | - | Terminated |
| 2022-03-03 | 2022-03-12 | 9 | $799,900 | $900,000 | Sold |
| 2020-12-11 | 2021-01-12 | 33 | $599,800 | $585,000 | Sold |
| 2020-12-10 | 2021-01-12 | 33 | $599,800 | $585,000 | Sold |
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
74' x 144'
Fronting
West
Taxes
$3,553 (2024)
Basement
Full
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Cobourg Market Statistics
Cobourg Price Trend
433 Cottesmore Ave is a 3-bedroom 3-bathroom home listed for sale at $997,000, which is $343,000 (52.4%) higher than the average sold price of $654,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Cobourg declined by $54,117 (7.6%) compared to the previous 30 day period (March 15 - April 13) and down $61,000 (8.5%) from the same time one year ago.Inventory Change
There were 26 3-bedroom homes listed in Cobourg over the last 30 days (April 14 - May 13), which is up 73.3% compared with the previous 30 day period (March 15 - April 13) and down 7.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Cobourg typically sold ($28,000) (4.3%) below asking price over the last 30 days (April 14 - May 13), which represents a $29,094 decrease compared to the previous 30 day period (March 15 - April 13) and $10,550 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Cobourg over the last 30 days (April 14 - May 13) stood at 30.8%, down from 113.3% over the previous 30 days (March 15 - April 13) and down from 71.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Cobourg stood at 20 days when successfully sold over the last 30 days (April 14 - May 13), compared to 30 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Leading Edge Realty Inc.
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