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MLS®: X13019902 |
Status: For sale
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Location:
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238 James Street E, Cobourg Ontario, K9A1H7
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Description: |
Rare opportunity to acquire a well-maintained 6-unit multi-residential asset in the heart of Cobourg-an ideal entry point for investors looking to step into commercial real estate with confidence. Situated on a generous 66 x 190 ft lot, this property offers ample on-site parking and strong curb appeal, supporting long-term tenant retention and ease of management. The building features over 5,000 sq ft of (above and below grade) finished space as per MPAC, with a unit mix that has consistently delivered stable income. This building consists of 4 two-bedroom units, one one-bedroom unit, and one bachelor unit. Current tenants are reliable, pay on time, and take pride in their homes-an often overlooked but critical component of a successful investment. Two units have been recently updated, offering a blend of improved rental potential and future upside. As tenancies turn over, there is clear opportunity to bring rents to market levels, strengthening overall cash flow and increasing long-term asset value. The property has been well cared for, creating a low-maintenance profile for an incoming investor. Located in a desirable area of Cobourg, close to amenities, transit, and the waterfront, this asset benefits from strong rental demand and long-term growth fundamentals. Whether you're expanding your portfolio or acquiring your first multi-unit property, this is a strategic opportunity to secure a stable, income-producing asset with built-in upside in a high-demand market. (id:2471) |
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Property: |
| Type: Multi-family |
| Lot Dimensions: 12540 | Acreage: 12540 ac |
| Sewer: Sanitary sewer | Water: Municipal water |
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Structure: |
| Style: Multi-Family | Square Footage: 12540 sqft |
| Bathrooms: 6 |
| Heating: Forced air |
| Heating Type: Natural gas |
| Cooling Type: None |
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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: RE/MAX JAZZ INC.
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