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

MLS® # X12455354
Investment For Sale In Cobourg, Ontario
$1,745,000
41-43 King Street E, Cobourg, ON - Outdoor With Facade
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Facade
41-43 King Street E, Cobourg, ON - Outdoor With Facade
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor With Exterior
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor With View
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Facade
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Facade
41-43 King Street E, Cobourg, ON - Outdoor With Facade
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor With Exterior
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor With View
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor
41-43 King Street E, Cobourg, ON - Outdoor With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
41-43 King Street E, Cobourg, ON - Outdoor With View
41-43 King Street E, Cobourg, ON - Outdoor With Body Of Water With View
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MULTIMEDIA

41-43 KING STREET E, Cobourg, Ontario, K9A 1K6
$1,745,000

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

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

37 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

37 hot days expected in 2050

55/100

Moderate

ClimateCheck®

Current data

This property, 41-43 KING STREET E , experiences 7 hot days per year at around 28.9 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 37 hot days at 32.6 degrees Celsius.

Projected Avg. Temperature

Past
28.9℃
2050
32.6℃

# Hot Days Per Year

Past
7
2050
37

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

61/100

Moderate-High

ClimateCheck®

Current data

This property, 41-43 KING STREET E , experiences 11 significant 2-day storms per year, with about 310.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 387.9mm of precipitation per year.

Precipitation Per Storm

Past
310.4mm
2050
387.9mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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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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