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Royal LePage
Royal LePage
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$1,745,000

Cobourg ON, K9A 1K6

MLS® # X12455354

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 6178 sqft
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 9
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 6178 Square Feet
  • Irregular: Yes
  • Lot Depth: 162.3 Feet
  • Lot Frontage: 37.9 Feet
  • Lot Size: Bldg=37.99 x 162.36 FT ; 37.33fx 165.62 ft x 37.33 ft x 165.72 ft
  • Zoning: Main Commercial
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 6

Courtesy of: CENTURY 21 UNITED REALTY INC.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 41-43 KING STREET E, Cobourg, Ontario, K9A 1K6

Demographic Information of 41-43 KING STREET E, Cobourg, Ontario, K9A 1K6

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$134,451.95

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.5 %

High school certificate or equivalent

27.55 %

Apprenticeship trade certificate/diploma

5.55 %

College/non-university certificate

23.85 %

University certificate (below bachelor)

1.93 %

University Degree

22.63 %

Commuter

Travel To Work

By Car

70.45 %

By Public Transit

0.1 %

By Walking

21.31 %

By Bicycle

0.01 %

By Other Methods

8.13 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

58.71 %

Houses

41.29 %

Own Vs. Rent

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