$650,000

About this listing

This legal 2-unit raised bungalow offers an exceptional opportunity for investors, multigenerational families, or buyers looking to offset their mortgage through house hacking. With two self-contained 2-bedroom units, this property provides versatility, functionality & strong income potential. Previously rented for $2,050/mo + utilities upstairs & $1,750/mo + utilities downstairs, generating $3,800/mo net rent with tenants paying all utilities. The bright upper unit features a spacious open concept kitchen, living & dining layout designed for comfortable living & entertaining. Large windows fill the space with natural light, while the practical layout creates a warm & inviting atmosphere. The upper level also includes private laundry, stainless steel appliances & 2 well-sized bedrooms, making it ideal for owner occupancy or quality tenants. The legal lower apartment offers an excellent secondary living space with 2 bedrooms plus an open concept kitchen & living area. Exceptionally high ceilings & huge above-grade windows create a bright, spacious feel rarely found in lower units. Whether used for extended family, adult children, in-laws, or rental income, the lower unit adds great flexibility & long-term value. The home is built on a solid poured concrete foundation. Furnace (2022) & roof (2025) provide added peace of mind. Outside, the extra deep, fully fenced lot offers ample outdoor space for children, pets, entertaining, or gardening. A large shed provides excellent additional storage, while parking for up to 3 vehicles adds convenience for both owners & tenants alike. Ideal for buyers entering the market with rental income support, investors seeking a turnkey income property, or families wanting separate yet connected living arrangements under one roof. Legal 2-unit properties remain in high demand & are rarely available in Cobourg. This home offers the rare combination of practicality, income potential & lifestyle flexibility. Home is virtually staged.