2 Pyrite Street, Cobalt, ON
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 $395,000 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, 3 of 4 tenants pay their own utilities. Annual rents total: $49,800. A turnkey opportunity with additional 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 104 days. This property is listed at $395,000 with an estimated mortgage of $1,315* per month. It has 11 beds, 4 bathrooms, and is 2000-2500 square feet. 2 Pyrite Street, Cobalt is in the Cobalt neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 11 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Cobalt, Cobalt.
- •11 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Cobalt, Cobalt.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Separate Heating Controls
- Separate Hydro Meter
- Storage
- Water Heater Owned
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 2 Pyrite Street, Cobalt, ON
Q.What is the asking price for 2 Pyrite Street, Cobalt, ON ?
The current listing price for 2 Pyrite Street, Cobalt, ON in Cobalt, Cobalt is $395,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 11 bedrooms and 4 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 2 Pyrite Street, Cobalt, ON ?
2 Pyrite Street, Cobalt, ON is a Fourplex (Bungalow) featuring a Finished, Full basement.
Q.What interior features are included in this home?
Interior highlights include: Separate Heating Controls, Separate Hydro Meter, Storage, Water Heater Owned.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Window Unit(s).
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About Purchasing a Home in Cobalt, ON
For a property listed at $395,000 in Cobalt, the legal minimum down payment is $19,750 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 $4,400 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 $4,400.
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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.