41-43 King ST E Active Save Request In-Person Tour Request Virtual Tour
Cobourg,ON K9A 1K6
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,178 sqft
Price per Sqft $226
Subdivision Cobourg
MLS Listing ID X12066729
Building Age 51-99
Annual Tax Amount $7,000
Tax Year 2025
Property Sub-Type Investment
Property Description
Apartment Building plus main street commercial. Superb 8% (approx.) Cap Rate in Downtown Cobourg beside Victoria Park, Victoria Beach, Heritage Harbour Marina, the Esplanade & Yacht club and all attractions. Long term tenants on month-to-month rental. New Commercial Retail Tenant on 5 year lease in a 2000 Sq Ft Commercial Space on Main Floor with Many Tall Retail Display Windows. 2 floors of apartments above. This is a fantastic Location in the Popular Tourist Destination Shopping, Dining, Professional Services district of Downtown Cobourg. A Perfect investment to add to your portfolio in the almost-filled to capacity Heritage Downtown Cobourg. Few Remaining Retail & Residential multi-unit buildings King Street Spaces left available for sale or rent. Desired rental location in the heart of downtown and access to all amenities. The VIA & 401 is a couple of blocks north for commuters. 9 units total including 1 commercial & 1 storage unit.
Location
Province ON
County Northumberland
Community Cobourg
Area Northumberland
Interior
Heating Yes
Cooling Partial
Exterior
Community Features Public Transit
Utilities Available Yes