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MLS® X13076922
Cobourg, ON
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!!
Inclusions
6 Parking Spaces. All Fridges, Stoves for Residential Units (as is) Financials & Rent Roll available. Commercial space can be shown but upper units we can show 1 or 2 of until offer is in hand. Commercial Lease term ends March 31 2030. $2800 / month 4% yrly escalations. Business is not for sale.
Exclusions
Tenant Belongings. Business is not for sale.
Broker
Century 21 United Realty Inc.
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Investment
41-43 King Street E Cobourg
Cobourg
Built
51-99
Type
Investment
Parking
None
Property Tax
~$10,957/yr
Heating
Gas Hot Water
Buying Essentials
Square Feet
6178 sqft
Parking
None
Finances
List Price
$1,745,000
Price per SQFT
$282/sqft
Property Tax
~$10,957/yr
Property Specs
Property Type
Investment
MLS Size
6178 sqft
Age of Building
51-99
Living & Amenities
Heating Type
Gas Hot Water
Policies & Utilities
Neighbourhood
Cobourg
Listed On
May 2, 2026
Public Transit
Days on Market
Current: 189 days
Room information is not available for this listing.
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