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    For Sale - 41-43 King Street, Cobourg, Ontario

    Est payment $8,379/mo
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    Views   1
    Time on Jump  131 day

    AI Summary *

    • Prime location in growing downtown core near beach and lakefront.
    • Fully tenanted 9-unit mixed-use building with a commercial storefront.
    • High walkability with access to dining, entertainment, and essential amenities.
    • Attractive cap rate offers approximately 7.5% return on investment.
    • Easy commuter access with VIA Rail and major highways just blocks away.




    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!!
    Listing IDX13076922
    Address41-43 King Street
    CityCobourg, Ontario
    Price$1,745,000
    Bath9 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitBasement 1Heating / Cooling Gas Hot WaterSewer Sanitary

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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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    41-43 King Street
    Cobourg , Ontario
    9 $1,745,000
    Get more info