REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,745,000
Est. payment /mo
Active
41-43 King ST E Cobourg, ON K9A 1K6
9 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Cobourg
MLS Listing ID X13076922
Annual Tax Amount $10,956
Tax Year 2025
Property Sub-Type Investment
Property Description
Don't miss your chance to add this high-performing asset to your portfolio. With very limited available space left on King Street & new developments under proposal review for infill, this is the perfect timing for an opportunity to invest in a thriving and growing downtown core. Tenants are drawn to the highly walkable area with access to all essential amenities. This is a fantastic income asset. A turnkey Investment opportunity in supreme Location by the beach/lakefront. Invest in the heart of Downtown Cobourg, one of Ontario's most sought-after tourist destinations & growing lifestyle communities. 100KM to Toronto. Superior Location for this fully tenanted 9-unit Mixed-Use Brick apartment building with 1 Unit a 2000 sq ft Commercial Storefront. Very Successful Commercial business occupies the space on a 5-year lease(expires Oct 31, 2030) Attractive Cap Rate. Approx. 7.5% return. Solid tenant base (new great Tenants)with month-to-month residential leases. Updated & Well-Maintained. Situated directly on King Street E, Cobourg's main commercial strip amidst excellent dining, entertainment, galleries, boutique shopping &professional services. Adjacent to Victoria Park, the Beach, Boardwalk, Marina, Yacht Club, and Heritage Harbour. Farmers Market, Grocer, Skating Rink & Year-round events & tourism attractions. Excellent commuter access: just 2 blocks to VIA Rail & the Highway 401/407 corridor 100 KM to Toronto. Newer$25,000 boiler system & hot water tank. Newer A/C Splitter for Retail unit. Newer flooring, Paint, &Upgraded units. Parking for 6 cars in back. Financials, Upgrades available. Do not hesitate on this opportunity! Owner pays Water for building + Hydro for Res Tenant. Great new Res. tenants!!
Location
Province ON
County Northumberland
Area Northumberland
Zoning Main Commercial
Interior
Cooling Partial
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 37.99
Lot Depth 162.36
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Virtual Tour https://listings.insideoutmedia.ca/sites/qajqrev/unbranded
Listed by CENTURY 21 UNITED REALTY INC.