41-43 King Street E,Cobourg, ON K9A1K6
Cobourg, ON K9A1K6
Description
Don't miss your chance to add this high-performing asset to your portfolio. 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. This is a fantastic income asset. A turnkey Investment opportunity in supreme Location by the beach/lakefront. Invest 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 with 1 Unit a 2000 sq ft Commercial Storefront. Very Successful Commercial business occupies the space on a 5-year lease(expires Oct 31, 2030) Attractive Cap Rate. Approx. 7.5% return. Solid tenant base (new great Tenants)with month-to-month residential leases. Updated & Well-Maintained. Situated directly on King Street E, 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. Newer$25,000 boiler system & hot water tank. Newer A/C Splitter for Retail unit. Newer flooring, Paint, &Upgraded units. Parking for 6 cars in back. Financials, Upgrades available. Do not hesitate on this opportunity! Owner pays Water for building + Hydro for Res Tenant. Great new Res. tenants!! (id:13843)
Details
| MLS # | X13076922 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 173 |
| Listing Provided By | Century 21 United Realty Inc. | Denise Liboiron |
Features
| Bath(s) | 9 Total |
|---|---|
| SQ Feet | 6,178 |
| Zoning | Main Commercial |
Interior
| Cooling | Partially air conditioned |
|---|---|
| Heating | Hot water radiator heat, Natural gas |
| Fireplace Yes / No | No |
Parking
| Parking Total | 6 |
|---|
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 10956.83 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Cobourg |
| Postal Code | K9A1K6 |
| Listing VS Median (in K9A1K6) | |
Price: $1,745,000 low | high Med: $495,456 sqft: 6,178 low | high Med: 3,729 $ / sqft: $282 low | high Med: $91 On site: 173 low | high Med: 96.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Cobourg |
| Postal Code | K9A1K6 |
| Listing VS Median (in K9A1K6) | |
Price: $1,745,000 low | high Med: $495,456 sqft: 6,178 low | high Med: 3,729 $ / sqft: $282 low | high Med: $91 On site: 173 low | high Med: 96.5 | |
