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$1,745,000
Ontario,Cobourg
For Sale Active
41-43 KING STREET E, Cobourg, Ontario K9A1K6
  • 9
  • 6,178 Sqft
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Basic Details
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!! (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13076922
  • Price: $1,745,000
  • Bathrooms: 9
  • Square Footage: 6,178 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 300629
Features & Appliances
Features
  • Heating System: Natural gas, Hot water radiator heat
  • Cooling System: Partially air conditioned
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Cobourg, K9A1K6
  • Street: King
  • Street Number: 41-43
  • Street Suffix: Street
  • Longitude: W79° 50' 10.8''
  • Latitude: N43° 57' 35.9''
  • Street Dir Suffix: East
Additional Information
  • Water Source:
  • Business Type: Residential
  • Lot Size Dimensions: Bldg=37.99 x 162.36 FT ; 37.33fx 165.62 ft x 37.33 ft x 165.72 ft
Financial
  • Tax Annual Amount: 10956.83
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Listing updated: 2026-06-30 09:27:05
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Listing Information
  • List Agent Key: 1985216
  • List Office Key: 300629
  • Modification Timestamp: 2026-05-22T14:45:53Z
  • Originating System Name: Central Lakes Association of REALTORS®
  • Status Change Timestamp: 2026-05-22T14:38:15Z
Powered by REALTOR.ca
Listing updated: 2026-06-30 09:27:06
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