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$1,299,000
Ontario,Cobourg
For Sale Active
39 KING STREET W, Cobourg, Ontario K9A2M1
  • 5
  • 4,390 Sqft
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Basic Details
Description

A rare opportunity to own a fully stabilized Main Street investment in a high-growth, lifestyle-driven market within easy reach of Toronto. Ideal for investors looking to diversify beyond the GTA, with minimal management while maintaining strong connectivity, dependable returns, & long-term capital appreciation. The well-maintained historic brick building offers enduring character paired with modern functionality & no capital improvements required.

Positioned in the town’s most desirable downtown district, the property benefits from strong year-round foot traffic, proximity to the Beach, Marina, & 1 Blk to VIA Rail station (1 hr to Toronto) or 401 (100 km to Toronto) A growing local economy supported by tourism & regional commuters & many households being added with new construction. Commercial Income: MN FL Retail space on year 1 of a 3-year lease. Longstanding retail location (formerly a salon for 22 years), now home to a successful clothing & specialty retailer. Bright storefront, large display windows, high ceilings, flexible open layout Roughed-in plumbing in place for future salon or service-based use. Full walkout basement generating additional utility with office space, storage, laundry hookups, & 2-piece bath. Residential Income: Three separately metered, long-term tenanted apartments accessed by Private Front entrance, ensuring clear separation from commercial operations. Investor-Friendly Features: 4 separate entrances for ease of access & tenant privacy Rear parking with 3 dedicated spaces plus nearby public parking. Potential value-add through rear expansion or deck/patio addition. Income & expense statements available. Turnkey Income. Cap Rate: 6% A rare chance to acquire a hands-off, stabilized asset in a destination market with strong fundamentals, consistent rental demand, and upside through future growth-all within a manageable drive or train ride from Toronto. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12641452
  • Price: $1,299,000
  • Bathrooms: 5
  • Square Footage: 4,390 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 300629
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Cobourg, K9A2M1
  • Street: King
  • Street Number: 39
  • Street Suffix: Street
  • Longitude: W79° 49' 59.3''
  • Latitude: N43° 57' 34.4''
  • Street Dir Suffix: West
Additional Information
  • Water Source:
  • Business Type: Residential
  • Lot Size Dimensions: 22.26 x 115.6 FT
Financial
  • Tax Annual Amount: 8916
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Listing updated: 2026-01-11 20:31:46
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Listing Information
  • List Agent Key: 1985216
  • List Office Key: 300629
  • Modification Timestamp: 2025-12-20T17:01:16Z
  • Originating System Name: Central Lakes Association of REALTORS®
  • Status Change Timestamp: 2025-12-20T16:47:18Z
Powered by REALTOR.ca
Listing updated: 2026-01-11 20:31:47
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