189 LANG Street

Welcome to this charming Multi-Family Home for sale in Cobalt , located at 189 Lang Street, Cobalt. This delightful property is a fully rented duplex that boasts a fantastic opportunity for investors or those looking to enter the rental market. With its prime location between Galbraith Lane and Third Street, this home is perfectly situated in the heart of the Cobalt community, making it an attractive option for potential tenants.

The property features a classic two-storey multiplex style, complete with a robust vinyl siding exterior that not only adds to its aesthetic appeal but also ensures durability. Spanning over 100 years in age, this home carries a sense of history and character that is hard to find in newer builds. The lot measures a generous 44 x 89 feet, providing ample space for outdoor activities, though it does not include a pool or garage. However, there are two designated parking spaces available for tenants, which is a significant advantage in this area.

Inside, the Multi-Family Home for sale in Cobalt is thoughtfully designed with a total of nine rooms, including two kitchens, which is ideal for a duplex setup. The front unit features three bedrooms and two bathrooms, making it spacious enough for families or groups of tenants. Currently, this unit is rented for $1,150 a month, and tenants appreciate the convenience of having their own laundry facilities. The rear unit, a one-bedroom, one-storey flat, is rented for $900 a month, providing a cosy living space for individuals or couples. Both tenants are responsible for their own utilities, with separate hydro meters in place, ensuring a hassle-free rental experience.

While the property does not have a central vacuum system or air conditioning, it is heated by a reliable forced air system, which keeps the units warm during the colder months. The home is connected to municipal water and sewer services, adding to the convenience of living in this well-established community. Although there is no family room, the layout of the duplex allows for comfortable living and easy interaction between the two units.

The internet is readily available, making this Multi-Family Home for sale in Cobalt a suitable choice for those who work from home or enjoy streaming services. While the property is unfurnished, this allows tenants the freedom to personalise their living spaces according to their tastes and preferences.

Living at 189 Lang Street, Cobalt, offers the best of both worlds: a peaceful residential environment with easy access to local amenities. The community of Cobalt is known for its rich history and vibrant atmosphere, making it an appealing place to live for people from all walks of life. Whether you’re looking to invest in a rental property or seeking a home with additional income potential, this duplex is a fantastic option.

In summary, this Multi-Family Home for sale in Cobalt is a rare find, combining historical charm with modern rental potential. With its two separate units, each with their own laundry facilities and utilities, it provides a seamless living experience for tenants. The property’s location at 189 Lang Street, Cobalt, ensures that residents can enjoy the benefits of living in a well-connected community while also having the privacy and independence of their own space. Don't miss out on this incredible opportunity to own a piece of Cobalt's real estate market!

Cobalt, a quaint and picturesque community nestled within the city of Cobalt, offers a unique blend of natural beauty and historical charm. Surrounded by lush forests and shimmering lakes, this small but vibrant area is renowned for its rich mining heritage, which is reflected in its historic architecture and local museums. Residents enjoy a close-knit atmosphere, where neighbours greet each other warmly and community events foster a sense of belonging. With its stunning landscapes and a plethora of outdoor activities, from hiking to fishing, Cobalt is an ideal place for those seeking a tranquil yet engaging lifestyle in a setting that celebrates both nature and history.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 533 residents, with an average household size of 2.2 individuals. The community's average age is 44.7 years, indicating a mature demographic. Households in the area earn an average income of $74,000, though 23.2% of the population is classified as low-income. The average home price is $149,000, making it relatively affordable. Approximately 45.56% of the population is single, while 29.03% of households include children, suggesting a mix of family structures. The area has a small immigrant population, accounting for 2.63%, and 34% of residents are renters, indicating a significant rental market. Notably, there are no condominiums available in the area. Educational attainment is relatively high, with 40.82% of residents holding a college or university degree. However, nearly half (47.96%) of the population is not in the labor force, which may reflect various factors, including retirement or other personal circumstances. Overall, this demographic profile suggests a diverse community with a blend of families, singles, and a strong emphasis on education, set against a backdrop of moderate income and housing affordability.