30 photos
234 King Street E, Cobourg, ON K9A 1L6
Cobourg · Cobourg · K9A 1L6
$985,000
About this property
Discover the perfect addition to your portfolio with this beautifully maintained triplex, ideally located just a short stroll from Cobourg's renowned beach, vibrant downtown, picturesque parks, and popular restaurants.This property features three charming two-bedroom apartments, each designed for comfort and character, with original hardwood flooring adding timeless appeal. Fully tenanted, this is a true turnkey investment offering immediate and consistent rental income. Recent updates provide added peace of mind, including new water and sewer lines completed in 2024. With ample parking and R5 zoning, the property also presents exciting potential for future growth and development.The main-floor apartment currently rents for $2,000 per month, the lower unit rents for $1,150 per month, and the upper unit rents for $1,900 per month. Don't miss your chance to secure a prime Cobourg investment that combines strong income, long-term potential, and an unbeatable location.
Details
- Property type
- Triplex · Residential Freehold
- Bedrooms
- 6
- Bathrooms
- 3
- Living area
- 1500-2000 sq ft
- Lot
- 45 × 196 Feet
- Year built
- 51-99
- Style
- 2-Storey
- Heating
- Radiant · Gas
- Cooling
- Wall Unit(s)
- Sewer / septic
- Sewer
- Basement
- Full, Finished
- Garage
- None
- Parking total
- 7
- Taxes
- $4,237 (2024)
Location
Approximate location, placed by postal code. Postal code data © GeoNames (CC BY 4.0).
Payments on this home
Estimated monthly payment
$4,361
Principal and interest only, using Canadian semi-annual compounding. Taxes, insurance, and CMHC premiums (required under 20% down) are extra. For planning, not a lending commitment.
Listing courtesy of RE/MAX Rouge River Realty Ltd.. Listing data provided by the originating real estate board via PropTx Amplify Syndication.
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Information is deemed reliable but not guaranteed accurate. Room measurements are deemed reliable but not guaranteed.