RECENTLY COMPLETED AND FULLY LEASED, THIS ATTRACTIVE (8) EIGHT PLEX IS A RARE REALTY PRODUCT, A HIGHLY SOUGHT AFTER COMMODITY AND THE PERFECT ADDITION TO YOUR REAL ESTATE PORTFOLIO. SITED IN EAST VILLAGE, ONE OF COBOURGS MOST DESIRABLE NEW RESIDENTIAL NEIGHBOURHOODS, 529-535 DREWERY ROAD WAS BUILT IN 2025 BY STALWOOD HOMES, A RENOWNED LOCAL DEVELOPER AND BUILDER. THE OFFERING FEATURES (8) SMARTLY DESIGNED OPEN CONCEPT APARTMENT UNITS; (4) ON LEVEL 1 AND (4) ON LEVEL 2; EACH OF THE (8) UNITS INCORPORATES (2) SPACIOUS BEDROOMS, A WELL APPOINTED KITCHEN WITH A COMPLEMENT OF STAINLESS STEEL APPLIANCES, BRIGHT LIVING AND DINING AREAS, A FULL BATH AND ENSUITE LAUNDRY FACILITY TOGETHER WITH A WASHER AND DRYER (CHECK THE FLOOR PLAN ON-LINE TO GET A SENSE OF THE VERSATILITY OF THE UNITS LAYOUT). ALSO, UPON INSPECTION THE WISE BUYER/INVESTOR WILL COME TO REALIZE THAT THE VALUE AND DESIRABILITY OF THE BUILDING IS ENHANCED BY THE FACT THAT EACH APARTMENT COMES WITH ONE (1) DEDICATED PARKING SPOT AND IS EQUIPPED WITH ITS OWN: HEAT PUMP, AIR CONDITIONING UNIT, A HOT WATER TANK, A WATER METER AND A HYDRO METER. IF YOU'RE SEARCHING FOR A SPECIAL PROPERTY TO INVEST IN, THIS ONE HAS ALL IT TAKES, INCLUDING LOCATION. 529-535 DREWERY ROAD IS PERFECTLY POSITIONED A SHORT DRIVE EAST OF COBOURG'S HISTORIC AND DYNAMIC DOWNTOWN, ENABLING THE BUILDING'S RESIDENTS TO TAKE ADVANTAGE OF ALL THE AMENITIES OFFERED BY THE WONDERFUL TOWN OF COBOURG. THUS, ENHANCING THE TENANTS' ENJOYMENT OF THE RENTAL ACCOMODATION AND CONSEQUENTLY, TENANCY RETENTION. IN SHORT, HAPPY TENANTS, HAPPY LANDLORD!
Address
529-535 Drewery Road
List Price
$3,590,000
MLS® Status
Price Change
Expiration Date
2026-03-15
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Cobourg
Region
Northumberland
Bedrooms
8 + 8
Bedrooms (Total)
16
Rooms Above Grade
20
Rooms Below Grade
20
Bathrooms
8
Floor Area
5000 + Sq. Ft.
Lot Depth
103
Lot Size Units
Feet
Lot Width
107
Parcel Number
511020856
Occupant Type
Tenant
Cross Street
HAYWARD ST.
MLS® Number
X12302656
Listing Brokerage
RE/MAX ROUGE RIVER REALTY LTD.
Basement Area
None
Postal Code
K9A 3P5
Posession Details
TBD
Parking
Mutual
Parking Places (Total)
10
Parking Spaces
1
Tax Year
2025
Interior Features
ERV/HRV, Floor Drain, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Water Meter
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
Other
Construction Materials
Vinyl Siding
Direction Faces
West
Fireplace
No
Foundation Details
Slab
Garage
No
Garage Type
None
Kitchens Total
8
Kitchens Above Grade
4
Kitchens Below Grade
4
Pool Features
None
Roof
Fibreglass Shingle
Tax Legal Description
PIN: 51102-0856(LT); BEING BLOCK 49, PLAN 39M-944 SUBJECT TO AN EASEMENT AS IN 198910, COBOURG
Security Features
Carbon Monoxide Detectors, Smoke Detector
Waterfront
No
Sewer
Sewer
