$669,000Asking Price
390/392 Mathew Street, Cobourg, ON K9A 3E8
Cobourg, Cobourg
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!
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!
See MoreKey Info
- 2-Storey Duplex
- 4 Parking
- No Garage
- King St W & Mathew St
- 2000-2500 Approximate Sq Feet
- 100+ Years Approximate Age
- No Ensuite Laundry
- Forced Air Gas Heating
- No A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $4,151 in 2024
- Possession: Flexible
Details
- No Fireplace
- 2 Kitchens
- MLS #X12215573
- RE/MAX ROUGE RIVER REALTY LTD.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom | |||
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Who lives here?
Cobourg, Cobourg is an east GTA neighbourhood.
Families
Kids Per Family
0.8
kids per family
in the neighbourhood.
Singles
42%
of residents are
single and loving it.
42% singles
Cobourg (42%)Renters
30%
of residents
are renters.
30% renters
Cobourg (30%)Education
23%
of residents are
university grads.
23% university grads
Cobourg (23%)Income
Average Household Income
$98K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 13% |
| Government | 9% |
| Business | 8% |
| Trades | 7% |
| Management | 5% |
Immigrants
12%
of residents were
born outside of Canada.
12% immigrants
Cobourg (12%)Birthplace - All
5.4% from UK
All-time
Birthplace - Recent
0.1% from India
Recent
Foreign Languages
Foreign Languages
| French | 2% |
| German | 1% |
| Dutch | 1% |
| Italian | 1% |
Religions
Religions
| Christian | 71% |
