41-43 King ST E Active Save Request In-Person Tour Request Virtual Tour
Cobourg,ON K9A 1K6
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,178 sqft
Price per Sqft $282
Subdivision Cobourg
MLS Listing ID X12455354
Annual Tax Amount $10,956
Tax Year 2025
Property Sub-Type Investment
Property Description
A rare Investment opportunity in supreme Location by the beach/lakefront 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 Including 1 Commercial Storefront. Step into Great Income. Successful Commercial tenant on a 5-year lease (expires Oct 31, 2030) Attractive Cap Rate. Approx. 7.5% return. Turnkey with Solid tenant base (new great Tenants) with month-to-month residential leases. Updated & Well-Maintained . Financials available. Situated directly on King Street, 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. 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. Don't miss your chance to add this high-performing asset to your portfolio. Newer $25,000 boiler system & hot water tank. Newer A/C Splitter for Retail unit. Painted, Upgraded units. Parking for 6 cars in back. Do not hesitate on this opportunity! Owner pays Water for building + Hydro for Res Tenant. Great new Res. tenants!
Location
Province ON
County Northumberland
Community Cobourg
Area Northumberland
Interior
Heating Yes
Cooling Partial
Exterior
Community Features Public Transit
Utilities Available Yes
Building
Building Age 51-99
Others
Virtual Tour https://listings.insideoutmedia.ca/sites/qajqrev/unbranded