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MLS®: X12641452 |
Status: For sale
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Location:
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39 King Street W, Cobourg Ontario, K9A2M1
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Description: |
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: MN FL Retail space on year 1 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: 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:2471) |
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Property: |
| Type: Multi-family |
| Lot Dimensions: 22.26 x 115.6 FT | Acreage: 22.26 x 115.6 FT |
| Water: Municipal water |
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Structure: |
| Style: Multi-Family | Square Footage: 4390 sqft |
| Bathrooms: 5 |
| Heating: Forced air |
| Heating Type: Natural gas |
| Cooling Type: Fully air conditioned |
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BALL Real Estate Inc., Brokerage - Norwood
Jayne Porter
Sales Representative
Email Me
Telephone:705-660-2255
Cellular:416-435-2005
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Listing Office: CENTURY 21 UNITED REALTY INC.
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**Broker *Sales Representative
