Brick facade with a prominent gabled dormer featuring decorative trim Features: shingle roof, stoop, brick siding More Photos

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    For Sale - 31 King Street, Cobourg, Ontario

    Est payment $4,744/mo
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    Views   1
    Time on Jump  115 day

    AI Summary *

    • Solid brick semi-detached building in vibrant downtown Cobourg.
    • Operating restaurant on main level with inviting layout and popular patio.
    • Two spacious residential apartments upstairs with lake views.
    • Stable income from fully tenanted property, great for investors.
    • Close to waterfront, marina, and beach, attracting tourists and locals.




    Amazing investement opportunity for investors and end user!! Ground floor restaurant, could be available for lease. Excellent investment and lifestyle opportunity in the heart of downtown cobourg. This solid brick semi-detached building offers a strong mixed-use configuration featuring a fully operating restaurant on the main level and two spacious residential apartments on the second floor each with a view of the lake. The main floor restaurant has been recently upgraded and is well maintained, with a proven history of successful operation. It includes an inviting layout and an outstanding patio area that has become a popular destination for patrons over the years. The second level consists of two large residential apartments, both well proportioned and suited for long-term tenants. The property is fully tenanted, with the restaurant paying approximately $6,250/month including hst, and each residential unit renting for approximately $1,100/month, providing stable and consistent income. Situated in cobourg's vibrant downtown, the property benefits from steady pedestrian activity, local amenities, and year-round appeal from both tourists and residents. The location is enhanced by its proximity to the waterfront, with the popular marina and cobourg beach just a short walk away, drawing significant seasonal and weekend traffic. The building is well maintained throughout and includes a full basement. Existing tenants would be happy to remain, providing a seamless investment transition, or vacant possession can be arranged for an owner-operator. A rare opportunity to acquire a well-performing mixed-use asset in one of cobourg's most desirable and high-traffic downtown locations.
    Listing IDX13166864
    Address31 King Street
    CityCobourg, Ontario
    Price$988,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Agency:  REAL BROKER ONTARIO LTD.

    * 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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    31 King Street
    Cobourg , Ontario
    $988,000
    Get more info