2 Pyrite Street, Cobalt, ON
Property no longer active
This property was sold on November 5, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow fourplex located in the coveted neighborhood of Cobalt. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $449,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 11 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 105.03 x 156.84 ft lot
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Separate Hydro Meter, Storage
- equipped with window unit(s) central cooling and highly efficient baseboard heating via electric
Description
Well-built, purpose-designed four-plex, an excellent addition to any investment portfolio! Constructed with durability in mind, this solid building features concrete block hallways, front and rear entrances, a tin roof, updated windows, and a low-maintenance stucco exterior. Three of the four units share identical layouts: 3 bedrooms, a spacious living room, large dining area, kitchen, 4-piece bath, and in-unit laundry. One basement unit has been modified to include 2 bedrooms (instead of 3) due to the utility/metre room. All units have been fully renovated within the past 10 years and feature individual hydro meters, though utilities are currently included in the rent. Monthly rents total: $4,250; Monthly utilities, taxes and insurance: $1,859; Net monthly income: $2,391; A turnkey opportunity with solid construction and great income potential, don't miss out!
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Property Summary
This fourplex located at 2 Pyrite Street, Cobalt is currently for sale and has been available on SousaSells for 354 days. This property is listed at $449,900 with an estimated mortgage of $1,498* per month. It has 11 beds, 4 bathrooms, and is 2000-2500 square feet. 2 Pyrite Street, Cobalt is in the Cobalt neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Separate Heating Controls, Separate Hydro Meter, Storage, Water Heater Owned
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2 Pyrite Street, Cobalt, ON P0J 1C0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cobalt, ON
For a property listed at $449,900 in Cobalt, the legal minimum down payment is $22,495 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $5,473 for this transaction. As this listing is in Cobalt (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.