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.
Data was last updated July 8, 2026 at 02:15 AM (UTC)
Area Statistics
Listings on market:
145
Avg list price:
$789,000
Min list price:
$369,000
Max list price:
$3,975,000
Avg days on market:
36
Min days on market:
0
Max days on market:
245
These statistics are generated based on the current listing's property type
and located in
Cobourg. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.