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    For Sale - 39 King Street, Cobourg, Ontario

    Est payment $6,238/mo
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    Time on Jump  3 day

    AI Summary *

    • Fully occupied mixed-use brick building with a street-level retail storefront and three residential apartments.
    • Four income streams include commercial rent and three apartment tenancies.
    • Storefront features large display windows, high ceilings, and flexible retail space.
    • Separate hydro meters, multiple entrances, and three rear parking spaces support functionality.
    • Downtown location near shops, restaurants, transit, the marina, beach, and waterfront.




    $99,600 annual gross income. Approx. 6% cap rate. 4 income streams! An established, fully occupied mixed-use commercial residential freehold brick multi unit in the heart of historic downtown cobourg. An attractive 4,390 sq. Ft. Brick building combining a prominent king street retail storefront with 3 residential apartments, offering diversified income, immediate cash flow & manageable ownership. Approx. $78,719 annual net operating income represents a 6. 06% cap rate at the $1,299,000 asking price, based on supplied expenses, excluding vacancy, management & capital reserves. The commercial tenant pays $3,000/month base rent plus $700/month tmi, with a 3-year lease commencing march 2025. The bright 1,161 sq. Ft. Storefront offers excellent visibility, large display windows, high ceilings & flexible retail space, plus approx. 1,161 sq. Ft. Lower level with office, storage, laundry hookups, 2-pc bath & walkout access. Three residential apartments occupy the upper floors, with independent access & separate hydro meters. Current residential rents total $4,600/month, with month-to-month tenancies. Tenants pay their own electricity. Significant improvements include a 2016 membrane roof, 2016 residential furnace, 2018 hot water tank & 2024 fire retrofit. Two furnaces, separate hot water systems, multiple entrances & 3 rear parking spaces add functionality. Potential rear patio with plans available, subject to approvals. Prime downtown location steps to victoria hall, shops, restaurants, via rail, marina, beach & lake ontario waterfront. Approx. 100 km east of toronto. A stabilized income property offering established tenancies, diversified revenue & long-term ownership value in a desirable waterfront community.
    Listing IDX14110610
    Address39 King Street
    CityCobourg, Ontario
    Price$1,299,000
    Bath5 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Gas Forced Air ClosedSewer Sanitary+Storm

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    Listing Brokerage: Century 21 United Realty 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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    39 King Street
    Cobourg , Ontario
    5 $1,299,000
    Get more info