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About the Listing 498624 -
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!
Listing Highlights for 390 /392 Mathew St
Status
Active
Days on Site
90
Property Type
Multi-Family
MLS ®
X12215573
Year Built
Total Square Footage
2,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: Water Heater,Separate Hydro Meter
- Water:
Exterior Details
- Garage Capacity: 1 car
- Roof: Shingles
- Others: Landscaped,Privacy,Year Round Living,Recreational Area,Lighting
- Sewer: Sewer
- Parking Features: Private
Financial Details
- Tax Amount: $4,152
- Taxes w/Assessments: N/A
- Tax/Property ID: 510940040
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Years
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Listing Location
Questions About..
390 /392 Mathew St Cobourg, ON K9A 3E8
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