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$ 1,745,000
Est. payment | /mo
9 Baths
6,178 SqFt
$ 1,745,000
Est. payment | /mo
9 Baths
6,178 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 6178
Square Footage 6,178 sqft
Price per Sqft $282
Subdivision Cobourg
MLS® Listing ID X13076922
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!! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 6
Garage No
Private Pool No
Building
Sewer Sanitary sewer
Others
Virtual Tour https://listings.insideoutmedia.ca/sites/41-king-st-e-41-44-cobourg-on-k9a-1k6-19763387/branded
Listed by Century 21 United Realty Inc.
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