$450,000
Cochrane
1907 Highway 11 Highway South, Cochrane, Ontario, P0L1C0
This multi-family property in Cochrane is for sale offering roughly 3,250 sq ft of space. It has been on the market 26 days, fresher than the Cochrane average of 75 days.
Come discover this unique multi-unit property featuring 4 established rental units and 12 acres bordering on Crown Land & nearby snowmobile trails. Currently configured to accommodate a bed & breakfast, this versatile property also lends itself well to long or short-term rentals, multi-generational living, or owner-occupied investment for those looking to combine business and lifestyle. The spacious 4-bedroom main residence features an open-concept living area with large windows overlooking the grounds & a WETT-certified brick woodstove. The main floor also offers an eat-in kitchen, separate formal dining area, office space, laundry, & a generous primary bedroom with patio doors to the back deck, wall-to-wall closets & a 4-piece ensuite with walk-in shower and bathtub. Upstairs are three additional bedrooms, each with a private bathroom, including one with a 4-piece ensuite, one bachelor-style room with a jet tub, sink & toilet, and another with a 3-piece cheater ensuite. The lower level includes a 1-bedroom apartment, a 2-bedroom apartment, and a utility room. The shared foyer provides access to both lower apartments as well as the main floor residence. From the wrap-around deck, all tenants can access a ground-level laundry suite with seating area and bathroom. Additionally, stairs lead up to a 3-bedroom unit offering private access & its own deck overlooking the property. It includes a 3-piece bathroom, a powder room ensuite, & an additional sink in one of the other bedrooms. Outside, you'll find a wired 20' x 30' detached garage with additional rear storage & a large separate garden shed. A steel roof installed in 2021. A truly rare opportunity combining space, privacy, multiple living areas, outdoor living, & convenient access to town. Properties offering this versatility & potential are hard to find. Come see what this one has to offer! (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 26 days on market, against an average age of 75 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 11-bed multi-family in Cochrane has been listed for 26 days, which is 49 days fresher than the city average of 75. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $450,000, about 5.8× the local median household income of $77,500.
Carrying it typically needs a household income of about $87,901 (20% down, 25-yr amortization, stress-tested) — roughly 13% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0L)
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Loading rates, 30-yr amortization
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