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    For Sale - 238 James Street, Cobourg, Ontario

    Est payment $6,363/mo
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    Views   1
    Time on Jump  26 day

    AI Summary *

    • Well-maintained 6-unit property in a desirable Cobourg location.
    • Ample parking and strong curb appeal enhance tenant retention.
    • Over 5,000 sq ft of finished space with a stable tenant base.
    • Recent updates in two units improve rental potential and cash flow.
    • Professionally managed, offering a low-maintenance investment opportunity.




    Rare opportunity to acquire a well-maintained 6-unit multi-residential asset in the heart of cobourg-an ideal entry point for investors looking to step into commercial real estate with confidence. Situated on a generous 66 x 190 ft lot, this property offers ample on-site parking and strong curb appeal, supporting long-term tenant retention and ease of management. The building features over 5,000 sq ft of (above and below grade) finished space as per mpac, with a unit mix that has consistently delivered stable income. This building consists of 3 two-bedroom units, 2 one-bedroom unit2, and one bachelor unit. Current tenants are reliable, pay on time, and take pride in their homes-an often overlooked but critical component of a successful investment. Two units have been recently updated, offering a blend of improved rental potential and future upside. As tenancies turn over, there is clear opportunity to bring rents to market levels, strengthening overall cash flow and increasing long-term asset value. The property has been well cared for, creating a low-maintenance profile for an incoming investor. Located in a desirable area of cobourg, close to amenities, transit, and the waterfront, this asset benefits from strong rental demand and long-term growth fundamentals. Whether you're expanding your portfolio or acquiring your first multi-unit property, this is a strategic opportunity to secure a stable, income-producing asset with built-in upside in a high-demand market. Currently the property is professionally managed - management company is willing to continue to manage for 8% with 3 months free (effective 6% for the first year).
    Listing IDX13019902
    Address238 James Street
    CityCobourg, Ontario
    Price$1,325,000
    Bath6 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air ClosedSewer Sanitary

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    Listing Agency:  RE/MAX JAZZ INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    238 James Street
    Cobourg , Ontario
    6 $1,325,000
    Get more info