529-535 Drewery Road

Cobourg, ONMulti-family
$3,549,000
MLS® X12302656
Multi-family16 beds8 baths10 total
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About This Property

RECENTLY COMPLETED AND FULLY LEASED, THIS ATTRACTIVE (8) EIGHT PLEX IS A RARE REALTY PRODUCT, A HIGHLY SOUGHT AFTER COMMODITY AND THE PERFECT ADDITION TO YOUR REAL ESTATE PORTFOLIO. SITED IN EAST VILLAGE, ONE OF COBOURGS MOST DESIRABLE NEW RESIDENTIAL NEIGHBOURHOODS, 529-535 DREWERY ROAD WAS BUILT IN 2025 BY STALWOOD HOMES, A RENOWNED LOCAL DEVELOPER AND BUILDER. THE OFFERING FEATURES (8) SMARTLY DESIGNED OPEN CONCEPT APARTMENT UNITS; (4) ON LEVEL 1 AND (4) ON LEVEL 2; EACH OF THE (8) UNITS INCORPORATES (2) SPACIOUS BEDROOMS, A WELL APPOINTED KITCHEN WITH A COMPLEMENT OF STAINLESS STEEL APPLIANCES, BRIGHT LIVING AND DINING AREAS, A FULL BATH AND ENSUITE LAUNDRY FACILITY TOGETHER WITH A WASHER AND DRYER (CHECK THE FLOOR PLAN ON-LINE TO GET A SENSE OF THE VERSATILITY OF THE UNITS LAYOUT). ALSO, UPON INSPECTION THE WISE BUYER/INVESTOR WILL COME TO REALIZE THAT THE VALUE AND DESIRABILITY OF THE BUILDING IS ENHANCED BY THE FACT THAT EACH APARTMENT COMES WITH ONE (1) DEDICATED PARKING SPOT AND IS EQUIPPED WITH ITS OWN: HEAT PUMP, AIR CONDITIONING UNIT, A HOT WATER TANK, A WATER METER AND A HYDRO METER. IF YOU'RE SEARCHING FOR A SPECIAL PROPERTY TO INVEST IN, THIS ONE HAS ALL IT TAKES, INCLUDING LOCATION. 529-535 DREWERY ROAD IS PERFECTLY POSITIONED A SHORT DRIVE EAST OF COBOURG'S HISTORIC AND DYNAMIC DOWNTOWN, ENABLING THE BUILDING'S RESIDENTS TO TAKE ADVANTAGE OF ALL THE AMENITIES OFFERED BY THE WONDERFUL TOWN OF COBOURG. THUS, ENHANCING THE TENANTS' ENJOYMENT OF THE RENTAL ACCOMODATION AND CONSEQUENTLY, TENANCY RETENTION. IN SHORT, HAPPY TENANTS, HAPPY LANDLORD! NOTE: SOME PICTURES ARE VIRTUALLY STAGED PHOTOGRAPHIC RENDERINGS. (id:63604)

Key Facts

Type
Multi-family
Beds
16
Baths
8
Size
5,000 sqft
Lot
107 x 103 FT
Parking
10 total

Highlights

  • Refrigerator
  • Water meter
  • Dishwasher
  • Stove
  • Range
  • Microwave
  • Water Heater
Property Details 13 details
Bedrooms
16 bedrooms
8 above grade + 8 below grade
Bathrooms
8 bathrooms
Parking
10 parking spaces
No Garage
Living area
5,000 - 100,000 sq. ft.
Property
Multi-family
Property subtype
Multi-family
Structure type
Other
Storeys
2
Heating
Baseboard heaters, Electric
Fireplace
No
Lot dimensions
107 x 103 FT
Frontage
107 feet
Taxes
$0.00
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

RefrigeratorWater meterDishwasherStoveRangeMicrowaveWater HeaterSeparate Electricity MetersSeparate Heating Controls

Exterior features

Vinyl sidingSlab

Systems and association

Smoke DetectorsSewerElectricity

Virtual Tour & Media

Mortgage & Affordability Estimate monthly costs
Purchase price$3,549,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Cobourg
City
Cobourg
Postal code
K9A 3P5
Nearby
Cross Streets: HAYWARD ST. ** Directions: SEE MAP.