39 King Street W Cobourg, Ontario K9A 2M1
$1,299,000
Fantastic new price! A 6% Cap Rate on this Excellent condition Freehold, Mixed-Use Commercial/Residential 3FL Apt. Bldg. Prime Downtown Location 100 km to Toronto. TURNKEY INCOME. Commercial Unit Main Floor LEASED for 3 YR Term + 3 long-term Tenanted Residential Income Apts. Mn Fl was owner-operated Salon for 22 Years. Currently a vibrant Retail Clothing & Specialty items Tenant. Buy it & enjoy the benefits of monthly cash flow & solid income with no updates needed. Historic Character & Well-Updated Building. 3 Res Apts. Tenanted on 2nd & 3rd FL w/Sep. Front Door entrance. Overlooks boutique tourist & shopping district. Main Floor Commercial has Beautiful big Storefront Display Windows Treatment room, formerly had hair stations (plumbing was capped for new retail Tenant but remains Roughed in) plus a large merch & reception area. 4 Entrances. Basement & Main Floor both have Walkouts to 3 parking spots in back. Great for Shipping/receiving. Public Parking behind, Steps to the Marina, Yacht Club, Beach, Park, Esplanade & Boardwalk. Adjacent to gorgeous Victoria Hall, Art Gallery & Concert Hall. Large Banner signage area in front & back. Plenty of natural light, high ceilings, laminate & tile flooring. Basement is now a Print Shop for Tenant & includes an office, laundry hookups, 2pce Bath, Storage. Invest for Success in coveted Prime location near Victoria Hall. VIA 1Blk ~ 100km to Toronto **EXTRAS** Newer membrane roof, 3 Parking Spots. Potential for back patio. Plans available. Brick building w/ character in great condition. Tenant leases for review with offer in place. Ask for Income & Expenses worksheet. (id:60234)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X10433227 |
| Property Type | Multi-family |
| Community Name | Cobourg |
| Parking Space Total | 3 |
Building
| Bathroom Total | 5 |
| Age | 100+ Years |
| Appliances | Water Heater |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 4,390 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 115 Ft ,7 In |
| Size Frontage | 22 Ft ,3 In |
| Size Irregular | 22.26 X 115.6 Ft |
| Size Total Text | 22.26 X 115.6 Ft |
| Zoning Description | Mc |
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July 30 2025 09:37:12
Central Lakes Association of REALTORS®
Century 21 All-Pro Realty (1993) Ltd.