219 Cochrane Street

Nestled in one of the most sought-after areas of Port Perry, this remarkable house for sale in Scugog at 219 Cochrane Street, Scugog, is an exceptional opportunity for both investors and those looking for a spacious family home. This detached two-storey building, clad in attractive vinyl siding, boasts a generous lot size of 62 by 154 feet, providing ample outdoor space for various activities. With seven bedrooms and four bathrooms, this property is designed to accommodate a large family or to serve as a lucrative income-generating venture.

The house for sale in Scugog is thoughtfully configured into four self-contained rental units, making it an ideal investment. The units comprise two 2-bedroom suites, one 1-bedroom suite with a den, and a further 1-bedroom suite. Each unit is equipped with its own hydro meter, ensuring streamlined billing for tenants and simplifying the management of operating costs. This setup not only maximises rental income but also offers a unique living arrangement for those who may wish to reside in one unit while renting out the others.

Located at 219 Cochrane Street, Scugog, this property is just a short stroll from the charming downtown area, where residents can enjoy a variety of independent shops, delightful dining options, and essential services, including schools and healthcare facilities. The proximity to the shores of Lake Scugog adds to the appeal, providing a picturesque backdrop for outdoor activities and leisure pursuits. The consistent rental demand in this area, coupled with the property's potential for future appreciation, makes this house for sale in Scugog a wise choice for any discerning investor.

While the house does not feature a central vacuum system, air conditioning, or a fireplace, it does offer a private driveway with parking space for up to five vehicles, ensuring convenience for both residents and guests. The heating system is baseboard, providing warmth throughout the property, and the house is connected to municipal water and sewer services, adding to the overall ease of living.

The basement of the property features a separate entrance, which is a valuable asset for those looking to maximise rental potential. With no additional land included and no garage space available, the focus remains on the living spaces and the income opportunities that this house for sale in Scugog presents.

This property truly stands out with its strategic location and the flexibility it offers. Whether you are considering it as a family home or as an investment to enhance your real estate portfolio, the possibilities are abundant. The combination of spacious living areas, multiple rental units, and a prime location makes 219 Cochrane Street, Scugog, a property that should not be overlooked.

For those interested in further details, including current rent rates and other specifics about the property, inquiries are welcome. This house for sale in Scugog is not just a residence; it is a gateway to a vibrant community and a promising future. Don't miss the chance to explore this unique opportunity at 219 Cochrane Street, Scugog, where the charm of Port Perry meets the potential for substantial returns.

In summary, whether you are looking for a new home or an investment property, this house for sale in Scugog offers the best of both worlds. With its spacious layout, prime location, and income-generating capabilities, it is a property that truly deserves your attention.

Port Perry, nestled within the charming township of Scugog, is a picturesque lakeside community that offers a delightful blend of natural beauty and small-town charm. Situated on the shores of Lake Scugog, it boasts scenic waterfront views and a vibrant downtown area filled with quaint shops, local eateries, and cultural attractions. The community is surrounded by lush countryside, providing ample opportunities for outdoor activities such as hiking, boating, and fishing. With its friendly atmosphere, rich history, and a strong sense of community spirit, Port Perry is an inviting place for those seeking a tranquil lifestyle while still enjoying the conveniences of modern living.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 0.3 km, you will find Port Perry High School, a public secondary school offering grades 9 to 12, with instruction available in both English and French. Additionally, R.H. Cornish Public School, located 0.5 km away, serves elementary students from Junior Kindergarten to Grade 8 and also provides a French language program. For those seeking a Catholic education, Good Shepherd Catholic School is just 1.1 km from the property, offering a strong curriculum for grades JK to 8 and boasting an impressive school rating of 4.4. The schools in the area are part of the Durham District School Board and the Durham Catholic District School Board, ensuring a variety of educational options. With such proximity to quality schools, this property is not only a great home but also a perfect fit for families prioritizing education.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 432 residents, with an average household size of 2.6. The community is characterized by a relatively mature demographic, with an average age of 45.3 years. Economic indicators are strong, as the average household income stands at $127,000, and only 5.2% of the population is classified as low-income. The average home price in the area is $750,000, reflecting the affluence of the community. Socially, 41.33% of residents are single, while 38.46% live in households with children, indicating a mix of family structures. The area is home to a diverse population, with 9.64% of residents being immigrants. Additionally, 32.35% of the population are renters, and there are no condominiums in the vicinity, suggesting a preference for single-family homes. Education levels are high, with 58.33% of residents holding a college or university degree. However, a significant portion of the population, 45.83%, is not in the labor force, which may reflect various factors, including retirement or other commitments. Overall, this area presents a well-educated, affluent community with a balanced demographic profile.