1274 COBDEN ROAD E Freshly painted bungalow in a prime location, within walking distance to the Baseline bus stop, offering unbeatable convenience! Ideal for first-time buyers or investors, this property presents a fantastic opportunity to own a dual-income home with strong cash flow potential. Featuring two separate units: the upper unit offers 3 bedrooms, a renovated kitchen with NEW stove (2024), and a full bathroom with NEW washer/dryer (2024); the fully finished basement unit includes 2 bedrooms with egress windows (installed 2021), a modern NEW kitchen (2024), full bathroom, separate laundry, storage space, and an independent electric sub-panel (2024). Additional upgrades include a NEW hydro meter (2024) and separate entrances, including a convenient side entrance under the carport. Property includes 2 washers, 2 dryers, 2 stoves, 2 hood fans, and 1 microwave. Both units are currently rented-upstairs at $2, 150/month and basement at $1, 600/month (utilities extra), generating $3, 750/month ($45, 000 annually) in gross income. With estimated expenses including property taxes ($4, 600), insurance ($1, 200), maintenance ($2, 400), and a 5% vacancy allowance, the property delivers an approximate net operating income of $34, 550 and a cap rate of ~5.3% at the asking price of $650, 000, making it a solid and stable income-generating investment. Vacant possession available with proper notice-don't miss this incredible opportunity! (id:203)