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:56069)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12641452 |
| Property Type | Multi-family |
| Community Name | Cobourg |
| Parking Space Total | 3 |
| 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 |
| 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 |
https://www.realtor.ca/real-estate/29194776/39-king-street-w-cobourg-cobourg
Contact us for more information
Denise Eileen Liboiron
Salesperson
(905) 372-3355
(905) 372-4626
unitedrealty.c21.ca/
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