433 Cottesmore Avenue W

Nestled in the charming community of Cobourg, this delightful house for sale in Cobourg at 433 Cottesmore Avenue W, Cobourg, presents an exceptional investment opportunity. This detached two-storey residence boasts a prime location, making it an attractive option for those looking to invest in a thriving area of Northumberland. With a generous lot size of 71 feet by 144 feet, this property offers ample space and potential for both current and future endeavours.

As you step into this well-maintained house for sale in Cobourg, you'll find that it has been fully renovated and thoughtfully designed to accommodate modern living. The property features three updated one-bedroom units, each showcasing contemporary finishes and efficient layouts that are sure to appeal to prospective tenants. The presence of separate hydro meters allows tenants to manage their own utility usage, which not only reduces overhead costs but also enhances the property's overall attractiveness.

The house at 433 Cottesmore Avenue W, Cobourg, comprises a total of 12 rooms, including three kitchens, which is a rare find in a property of this nature. Although there is no den or additional kitchen, the layout is designed to maximise space and functionality. Each unit is self-contained, bright, and well-appointed, ensuring a comfortable living environment that is likely to attract long-term tenants. Currently, the property is generating an impressive net rental income of $4,658 per month, with Unit 1 renting for $1,125, Unit 2 for $1,733, and Unit 3 for $1,800. Notably, Unit 3 is currently vacant, providing an excellent opportunity for immediate occupancy or the chance to secure a new tenant at market rate.

The outdoor space of this house for sale in Cobourg is equally appealing, featuring private areas for residents to enjoy. Ample parking is available, accommodating up to six vehicles, which is a significant advantage for both residents and guests. Additionally, there is shared access to a full basement that includes laundry facilities and abundant storage space, further enhancing the convenience of living in this property.

In terms of essential features, the house at 433 Cottesmore Avenue W, Cobourg, is equipped with a forced-air gas furnace, which was upgraded in 2016, and new shingles added in 2017. The property also benefits from copper plumbing and a 200-amp electrical service, all of which contribute to improved energy efficiency and reduced maintenance costs. Although there is no fireplace or central vacuum system, the presence of wall unit air conditioning ensures comfort during the warmer months.

This house for sale in Cobourg is unfurnished, allowing new owners the freedom to personalise the space to their liking. The municipal water supply and sewer system further add to the convenience of this property, making it a hassle-free investment.

With its age of over 100 years, this house for sale in Cobourg carries a sense of history and character that is hard to find in newer constructions. The combination of its prime location, modern amenities, and potential for steady cash flow makes it an ideal opportunity for investors seeking long-term appreciation in one of Ontario's most desirable small towns.

Floor plans are available for review, and with the property priced to sell, this is a chance not to be missed. Whether you're looking to expand your investment portfolio or seeking a property with strong rental potential, 433 Cottesmore Avenue W, Cobourg, is the perfect choice. Don’t hesitate to explore this remarkable investment opportunity in the heart of Cobourg!

Cobourg, nestled along the picturesque shores of Lake Ontario, is a charming town that boasts a rich blend of history and modern amenities. With its well-preserved heritage buildings, vibrant waterfront, and lush parks, Cobourg offers a serene yet engaging environment for residents. The town is known for its friendly atmosphere, making it easy to connect with neighbours and participate in local events. Cobourg's convenient location provides easy access to larger urban centres while maintaining a peaceful, small-town feel. Whether you enjoy leisurely strolls along the beach, exploring quaint shops, or indulging in local cuisine, Cobourg presents a delightful setting for a fulfilling lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you will find C.R. Gummow School, just 0.3 km away, offering a French-language curriculum for students from SK to grade 8. Burnham Public School, located 2.7 km from the property, provides English instruction for grades K to 6. For those seeking a Catholic education, St. Joseph Catholic Elementary School (1.5 km away) serves grades JK to 8 in English, while St. Michael Catholic Elementary School (1.2 km away) offers French-language education for JK to 6. Additionally, St. Mary Catholic Secondary School, located 2.1 km away, caters to students in grades 9 to 12 in both English and French. All schools are part of reputable school boards, ensuring a solid educational foundation. With a mix of public and Catholic options, parents will have the flexibility to choose the best fit for their children’s educational needs. Overall, this area is well-equipped to support the educational aspirations of families, enhancing the appeal of this property.