41-43 King ST E, Cobourg, ON K9A 1K6
41-43 King ST E, Cobourg, ON K9A 1K6
41-43 King ST E, Cobourg, ON K9A 1K6
41-43 King ST E, Cobourg, ON K9A 1K6
41-43 King ST E, Cobourg, ON K9A 1K6
41-43 King ST E, Cobourg, ON K9A 1K6
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Jonathan Colford

Jonathan Colford

+1(647) 823-6092
$ 1,745,000
Est. payment | /mo

9 Baths

6,178 SqFt

Save Virtual Tour
$ 1,745,000
Est. payment | /mo
Save Virtual Tour

9 Baths

6,178 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 6,178 sqft

Price per Sqft $282

Subdivision Cobourg

MLS Listing ID X13076922

Annual Tax Amount $10,956

Tax Year 2025

Property Sub-Type Investment

Property Description

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!!

Location

Province ON

County Northumberland

Area Northumberland

Interior

Heating Yes

Cooling Partial

Exterior

Community Features Public Transit

Utilities Available Yes

Lot Frontage 37.99

Lot Depth 162.36

Building

Building Age 51-99

Others

Security Features No

ParcelsYN No

Virtual Tour https://listings.insideoutmedia.ca/sites/qajqrev/unbranded

Listed by CENTURY 21 UNITED REALTY INC.

Nearby Locations

Jonathan Colford

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 823-6092

jonathan.colford@exprealty.com

8763 Bayview Ave #127, Richmond Hill, ON L4B 3V1, ON, CAN

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41-43 King ST E