For Sale: 238 James Street E, Cobourg, ON - REW
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$1,290,000
0 bd • 6 ba • 12540 sf • Multifamily
238 James Street E
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$1,290,000
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238 James Street ECobourg, ON, K9A 1H7

  • 0 Bed
  • 6 Bath
  • 12540 Sqft
  • Multifamily

About this home

Rare opportunity to acquire a well-maintained 6-unit multi-residential asset in the heart of Cobourg-an ideal entry point for investors looking to step into commercial real estate with confidence. Situated on a generous 66 x 190 ft lot, this property offers ample on-site parking and strong curb appeal, supporting long-term tenant retention and ease of management. The building features over 5,000 sq ft of (above and below grade) finished space as per MPAC, with a unit mix that has consistently delivered stable income. This building consists of 3 two-bedroom units, 2 one-bedroom unit2, and one bachelor unit. Current tenants are reliable, pay on time, and take pride in their homes-an often overlooked but critical component of a successful investment. Two units have been recently updated, offering a blend of improved rental potential and future upside. As tenancies turn over, there is clear opportunity to bring rents to market levels, strengthening overall cash flow and increasing long-term asset value. The property has been well cared for, creating a low-maintenance profile for an incoming investor. Located in a desirable area of Cobourg, close to amenities, transit, and the waterfront, this asset benefits from strong rental demand and long-term growth fundamentals. Whether you're expanding your portfolio or acquiring your first multi-unit property, this is a strategic opportunity to secure a stable, income-producing asset with built-in upside in a high-demand market. Currently the property is professionally managed - management company is willing to continue to manage for 8% with 3 months free (effective 6% for the first year). (id:63626)
Listed by: Anita Bongers-Lewis, Salesperson, RE/MAX Jazz INC.

Home facts and features

Price details
List Price
$1,290,000
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Gross Taxes for 2025
$8,034
Home facts
Bedrooms
0
Full Bathrooms
6
Property Type
Multifamily
Lot Size
66 ft x 0 ft (12539.98 acres)
Depth
Frontage
66.0 feet
Heating Type
Forced air, Natural gas
Agent details
Primary Agent
Primary Broker
RE/MAX Jazz INC.
Listing details
Days on REW
45 Days
MLS® Number
X13019902
Source
Canadian Real Estate Association
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Property Insights

C R Gummow School
  • Public
  • JK - 8
Cobourg Collegiate Institute
  • Public
  • 9 - 12
St. Michael Catholic Elementary School
  • Catholic
  • JK - 6
Merwin Greer School
  • Public
  • JK - 6
St. Joseph Catholic Elementary School
  • Catholic
  • JK - 8
St. Mary Catholic Secondary School
  • Catholic
  • 9 - 12
Burnham School
  • Public
  • JK - 6
Notre Dame Catholic Elementary School
  • Catholic
  • JK - 8
Terry Fox School
  • Public
  • JK - 8
Northumberland Christian School
  • Private
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Anita Bongers-Lewis
Phone:
(416) 209-8660
Office:
905-728-1600
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