$1,745,000
0 bd • 9 ba • 6178 sf • Multifamily
41-43 King Street E
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$1,745,000
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41-43 King Street ECobourg, ON, K9A 1K6

  • 0 Bed
  • 9 Bath
  • 6178 Sqft
  • Multifamily

About this home

A rare Investment opportunity in supreme Location by the beach/lakefront 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 Including 1 Commercial Storefront. Step into Great Income. Successful Commercial tenant on a 5-year lease (expires Oct 31, 2030) Attractive Cap Rate. Approx. 7.5% return. Turnkey with Solid tenant base (new great Tenants) with month-to-month residential leases. Updated & Well-Maintained . Financials available. Situated directly on King Street, 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. 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. Don't miss your chance to add this high-performing asset to your portfolio. Newer $25,000 boiler system & hot water tank. Newer A/C Splitter for Retail unit. Painted, Upgraded units. Parking for 6 cars in back. Do not hesitate on this opportunity! Owner pays Water for building + Hydro for Res Tenant. Great new Res. tenants! (id:32586)
Listed by: Denise Eileen Liboiron, Salesperson, CENTURY 21 ALL-PRO REALTY (1993) LTD.

Home facts and features

Price details
List Price
$1,745,000
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Home facts
Bedrooms
0
Full Bathrooms
9
Property Type
Multifamily
Lot Size
37 ft x 162 ft (6169 ft²)
Depth
162 ft ,4 in
Frontage
37 ft ,11 in
Heating Type
Hot water radiator heat
Agent details
Primary Agent
Primary Broker
CENTURY 21 ALL-PRO REALTY (1993) LTD.
Listing details
Days on REW
13 Days
MLS® Number
X12455354
Source
Canadian Real Estate Association
Board
Durham Region Association of REALTORS®

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25 Years
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4.09%

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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
Merwin Greer School
  • Public
  • JK - 6
Burnham School
  • Public
  • JK - 6
St. Joseph Catholic Elementary School
  • Catholic
  • JK - 8
Notre Dame Catholic Elementary School
  • Catholic
  • JK - 8
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
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Listing data was last updated on 2025-10-23.
Call Agent
Salesperson
Denise Liboiron
Phone:
(905) 372-3355
Office:
(905) 372-3355
Fax:
(905) 372-4626
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