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Investment signal

$639,000

463 DIVISION STREET

Save this home

Beds

3

Baths

2

Sqft

Year

Type

Multi-family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cobourg. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Charming Century Home Duplex in Prime Downtown Cobourg Location. Step into timeless charm and modern convenience with this beautifully updated duplex, ideally situated in the heart of Cobourg. Just a short walk to shopping, VIA Rail, and the stunning Cobourg waterfront and beach, this property offers both lifestyle and investment appeal. The main floor unit features a spacious and tastefully renovated two-bedroom layout. Upstairs, the second-floor unit offers a bright and airy one-bedroom, also updated. Recent upgrades include: Brand new wood front porch (2023). New back deck perfect for outdoor entertaining (2022). Fresh vinyl siding for enhanced curb appeal (2022). Modernized kitchens and bathrooms in both units (2022 Lower Unit, 2024 Upper Unit). New high-efficiency furnace (2025). Enjoy the extra space of a large backyard, ideal for tenants or future garden plans. Whether you're an investor or a homeowner, this property checks all the boxes. (id:65958)

Subtype
Multi-family
Structure
Duplex
Community
Cobourg
Lot dimensions
14.3 x 37.8 M
Bedrooms
3 above grade
Parking
5 total
Stories
2
On market
Jun 6, 2025
Status changed
Apr 24, 2026
Annual tax
$4,140
Zoning
R3
Photos
27
MLS#
X12201755
Area
COBOURG

Features and systems

Parking

No Garage

Basement

UnfinishedCrawl space

Appliances

WasherRefrigeratorStoveDryerWindow CoveringsWater Heater - Tankless

Heating

Forced airNatural gas

Cooling

Window air conditioner

Exterior

Vinyl siding

Foundation

Concrete

Lot

Carpet Free

Community

School Bus
Negative cash flow ~$722/mo at these assumptions

Cash on cash

-6.78%

Cap rate

3.51%

GRM

16.6

Break-even rent

$3,960

Financing

Down payment$127,800
Loan amount$511,200
Mortgage$2,590/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$293
Insurance$80
Maintenance$533
CapEx reserve$266
Vacancy loss$160

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,590/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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