$395,000

For sale

19 Prospect Avenue, Cobalt, Ontario, P0J1C0

5 bd2 ba4 pk2,250 ft²Lot size 58 × 132 ft (7,633 sq ft)

Listed by CENTURY 21 TEMISKAMING PLUS BROKERAGE

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

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$395,000

Cobalt

Book a showing

Description

Well-built, purpose-designed four-plex, an excellent addition to any investment portfolio! Constructed with durability in mind, this solid building features concrete block hallways, front and rear entrances, a tin roof, updated windows, and a low-maintenance stucco exterior. Three of the four units share identical layouts: 3 bedrooms, a spacious living room, large dining area, kitchen, 4-piece bath, and in-unit laundry. One basement unit has been modified to include 2 bedrooms (instead of 3) due to the utility/metre room. All units have been fully renovated within the past 10 years and feature individual hydro meters, 3 of 4 tenants pay their own utilities. Annual rents total: $61,200...with a net income of $42,719.44. A turnkey opportunity with additional income potential, don't miss out! (id:66096)

Property Details

MLS®: T13056686
Property Type: Multi-family
Zoning: R
Bedrooms: 11
Beds (above / below): 6 above · 5 below
Bathrooms: 4
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 105 × 157 ft (16,464 sq ft)
Frontage: 105 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: No Garage
Property Tax: $10,433.2/yr
Listed: 189 days ago

Rooms

Main level

Living room: 6.09 x 3.5 meters
Dining room: 3.2 x 2.43 meters
Kitchen: 2.43 x 3.2 meters
Bedroom: 2.43 x 3.2 meters
Bedroom 2: 2.43 x 3.65 meters
Bedroom 3: 2.43 x 4.26 meters
Laundry room: 1.98 x 2.28 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Heater
Foundation: Block
Exterior: Stucco
Lot Features: Hillside, Irregular lot size

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

189d

Cobalt listings, avg age

74d

Price / ft²

$176

List price

$395K

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.

Area context

Neighbourhood profile (P0J)

This home lists at $395,000, about 5.4× the local median household income of $72,500.

Carrying it typically needs a household income of about $77,157 (20% down, 25-yr amortization, stress-tested) — roughly 6% above 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)

$395,000· $176/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $19,750

Min 5%50%

Mortgage payment$2,080/mo

↳ CMHC premium ($15,010 capitalized)

Property tax (est.)$869/mo

Total monthly$2,950

Cash Needed to Close

Down payment (5%)$19,750

Land transfer tax$4,400

Est. closing costs$3,685

Total cash needed$27,835

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator

2 Pyrite Street, Cobalt - Multi-family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P0J)

Book a showing

Full Cost Breakdown