34 photos
41-43 King Street E, Cobourg, ON K9A 1K6
Cobourg · Cobourg · K9A 1K6
$1,745,000
About this property
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!!
Details
- Property type
- Investment · Commercial
- Bathrooms
- 9
- Lot
- 37.33fx 165.62 ft x 37.33 ft x 165.72 ft
- Year built
- 51-99
- Heating
- Gas Hot Water
- Cooling
- Partial
- Sewer / septic
- Sanitary
- Garage
- None
- Taxes
- $10,957 (2025)
Location
Approximate location, placed by postal code. Postal code data © GeoNames (CC BY 4.0).
Payments on this home
Estimated monthly payment
$7,726
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 Century 21 United Realty Inc.. 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.