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CAONCobourg39 King St W
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39 King St W, Cobourg, ON

Real Estate

For Sale

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053

MLS® X12641452

  • Key Facts
  • Description
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Key Facts

Type Multi Family
Levels Residential Income
Size 4390 sqft
Garage No
Taxes $8,916
Days Active 0
Lot Size 
Approx. Age 
Avg. Price Per Sqft $295
MLS® Number X12641452

Property Address: 39 King St W, Cobourg, ON, K9A2M1

Average square foot calculated using Size range provided by listing agent.

Description

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:58753)Show Description
MLS® NumberX12641452
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
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39 King St W, Cobourg, ON

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