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MLS® X13166864
Cobourg, ON
AMAZING INVESTMENT 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.
Inclusions
Each apartment contributes $50/month for water to restaurant. Separate Electric meters for all Tenants. One gas meter for the restaurant. One gas meter for the Apartments - paid the by the Landlord. Landlord pays property Tax. Complete new roof about 2021. Two gas furnaces, one is New 2025 servicing restaurant . New Kitchen exhaust system and make up air unit both 2025.
Exclusions
The restaurant business and associated chattels/assets are not included in the asking price, BUT can be made available.
Broker
REAL BROKER ONTARIO LTD.
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Commercial Retail
31 King Street E Cobourg
Cobourg
Type
Commercial Retail
Parking
None
Property Tax
~$13,023/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
5457 sqft
Parking
None
Finances
List Price
$988,000
Price per SQFT
$181/sqft
Property Tax
~$13,023/yr
Property Specs
Property Type
Commercial Retail
MLS Size
5457 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
Cobourg
Listed On
May 22, 2026
Days on Market
Current: 169 days
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