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$1,299,000

Cobourg ON, K9A 2M1

MLS® # X12641452

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 4390 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 5
  • Floor Space (approx): 4390 Square Feet
  • Irregular: Yes
  • Lot Depth: 115.6 Feet
  • Lot Frontage: 22.2 Feet
  • Lot Size: 22.26 x 115.6 FT
  • Zoning: MC
  • No. of Parking Spaces: 3

Courtesy of: CENTURY 21 UNITED REALTY INC.

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 39 KING STREET W, Cobourg, Ontario, K9A 2M1

Demographic Information of 39 KING STREET W, Cobourg, Ontario, K9A 2M1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$134,451.95

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.5 %

High school certificate or equivalent

27.55 %

Apprenticeship trade certificate/diploma

5.55 %

College/non-university certificate

23.85 %

University certificate (below bachelor)

1.93 %

University Degree

22.63 %

Commuter

Travel To Work

By Car

70.45 %

By Public Transit

0.1 %

By Walking

21.31 %

By Bicycle

0.01 %

By Other Methods

8.13 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

58.71 %

Houses

41.29 %

Own Vs. Rent