49 Cobalt Street, Cobalt, Ontario, P0J1C0

For sale

60 days ago

$140K

49 Cobalt Street, Cobalt, Ontario, P0J1C0

7 bd3 ba3 pk2,250 ft²Lot size 36 × 135 ft (4,860 sq ft)

Listed by CENTURY 21 TEMISKAMING PLUS BROKERAGE

2 Pyrite Street, Cobalt, Ontario, P0J1C0

For sale

189 days ago

$395K

2 Pyrite Street, Cobalt, Ontario, P0J1C0

11 bd4 ba4 pk2,250 ft²Lot size 105 × 157 ft (16,464 sq ft)

Listed by CENTURY 21 TEMISKAMING PLUS BROKERAGE

Investment analysis

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$149,900

Cobalt

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$149,900

For sale

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19 Prospect Avenue, Cobalt - Multi-family for Sale

19 Prospect Avenue, Cobalt, Ontario, P0J1C0

5 beds2 baths4 parking2,250 ft²58 × 132 ft (7,633 sq ft) lot sizeListed 22 days ago

Overview

This multi-family property in Cobalt is for sale offering roughly 2,250 sq ft of space. It has been on the market 22 days, fresher than the Cobalt average of 74 days.

Multi-Family Properties for Sale in Cobalt →All real estate in Cobalt →

Description

Looking to add a solid income property to your investment portfolio? This fully rented duplex offers two spacious, well-appointed units, each with its own front balcony, in-unit laundry and separately metered hydro! The main-floor unit features 3 bedrooms and plenty of storage, while the generous upper-level unit offers 2 bedrooms, a storage room and convenient kitchen pantry. Recent improvements include a new roof (2025), while a high-efficiency on-demand gas boiler provides heating. The lower level features a separate side entrance, mechanical room and additional storage space for the landlord. Complete with two sets of fridges, stoves, washers and dryers! With both units currently rented, this is an excellent opportunity to add an established income property to your portfolio. Don't miss out! (id:66096)

Property Details

MLS®: T14029626
Property Type: Multi-family
Zoning: C
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 58 × 132 ft (7,633 sq ft)
Frontage: 58 ft
Storeys: 2
Basement: Unfinished, Walk out, N/A, N/A
Heating: Natural gas
Cooling: None
Garage: No Garage
Property Tax: $5,176.64/yr
Listed: 22 days ago

Rooms

Main level

Kitchen: 7.47 x 2.44 meters
Living room: 2.74 x 5.79 meters
Family room: 3.51 x 3.81 meters
Bedroom: 2.44 x 3.35 meters
Bedroom 2: 2.59 x 2.44 meters
Bedroom 3: 3.51 x 1.98 meters

Second level

Living room: 5.03 x 3.05 meters
Bedroom: 2.9 x 3.35 meters
Bedroom 2: 2.59 x 4.12 meters
Kitchen: 3.35 x 3.66 meters

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater - Tankless
Foundation: Block
Exterior: Vinyl siding
Lot Features: Sloping

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Cobalt listings, avg age

74d

Price / ft²

$67

List price

$150K

Homes here sell faster than most markets

Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 86.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 5-bed multi-family in Cobalt has been listed for 22 days, which is 52 days fresher than the city average of 74. Act while there is still low competition.

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Listed by CENTURY 21 TEMISKAMING PLUS BROKERAGE · Daniel Goudreault

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0J)

This home lists at $149,900, about 2.1× the local median household income of $72,500.

Carrying it typically needs a household income of about $29,281 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $72,500
Population: 20,179
Median age: 47.6
Owner / renter: 78% / 23%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0J)

$149,900· $67/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $7,495

Min 5%50%

Mortgage payment$790/mo

↳ CMHC premium ($5,696 capitalized)

Property tax (est.)$431/mo

Total monthly$1,221

Cash Needed to Close

Down payment (5%)$7,495

Land transfer tax$1,224

Est. closing costs$2,950

Total cash needed$11,669

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