For Sale: 39 King Street W, Cobourg, ON - REW
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$1,299,000
0 bd 5 ba 4390 sf Multifamily

39 King Street WCobourg, ON, K9A 2M1

  • 0 Bed
  • 5 Bath
  • 4390 Sqft
  • Multifamily

About this home

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: 1161 + 700 sq ft in LL of MN FL Retail space on 2nd Year 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: 2054 SQ FT upper floors. 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:63626)
Listed by: Denise Liboiron, Salesperson, Century 21 United Realty Inc.

Home facts and features

Price details
List Price
Gross Taxes for 2026
$8,916
Home facts
Bedrooms
0
Full Bathrooms
5
Parking Spaces
3
Property Type
Multifamily
Depth
115.6 feet
Frontage
22.3 feet
Heating Type
Forced air, Natural gas
Cooling
Fully air conditioned
Appliances
Water Heater
Agent details
Primary Agent
Denise Liboiron
Primary Broker
Century 21 United Realty Inc.
Listing details
Days on REW
171 Days
Property Views
36
MLS® Number
X12641452
Source
Canadian Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

St. Michael Catholic Elementary School
  • Catholic
  • JK - 6
C R Gummow School
  • Public
  • JK - 8
Cobourg Collegiate Institute
  • Public
  • 9 - 12
Burnham School
  • Public
  • JK - 6
Notre Dame Catholic Elementary School
  • Catholic
  • JK - 8
St. Joseph Catholic Elementary School
  • Catholic
  • JK - 8
Merwin Greer School
  • Public
  • JK - 6
St. Mary Catholic Secondary School
  • Catholic
  • 9 - 12
Terry Fox School
  • Public
  • JK - 8
Northumberland Montessori School Inc.
  • Private
  • 1 - 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
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-07.