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66 Elgin Street W, Cobourg, ON

Name: 66 Elgin Street W, For Sale in Cobourg - Zoocasa
Brand: RE/MAX Rouge River Realty Ltd.
SKU: X13572802
Price: 1099000 CAD

House

For Sale

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000

MLS® X13572802

Overview

Key Facts

Type

Levels Commercial Sale

Size 5100 sqft

Garage

Taxes $18,508

Days Active 4

Lot Size 5100 Acres

Approx. Age

Avg. Price Per Sqft $215

MLS® Number X13572802

Property Address: 66 Elgin Street W, Cobourg, ON, K9A5T4

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

Description

Exceptional investment opportunity in one of Cobourg's established commercial corridors. This fully leased income producing property combines stable cash flow, future development potential and a highly desirable location with exceptional visibility and exposure. With over 5, 000sq. ft., this building is home to three established commercial tenants, providing immediate rental income while minimizing vacancy risk. Situated on a high traffic route with 13 municipally allocated parking spaces, the property offers excellent accessibility for tenants and customers alike, a valuable feature that's increasingly difficult to find in Cobourg. Positioned within the LM-14 zoning designation, the property also presents future opportunities for investors. In addition to its existing commercial use, the property includes one residential zoning component and may offer the potential to add/convert a residential unit, subject to approval from the Town of Cobourg, creating an opportunity to further enhance revenue over time. The current owners have made substantial capital improvements throughout their ownership, including a steel roof, multiple ductless heating and cooling systems, renovated commercial spaces, updated kitchens and bathrooms, new flooring, doors, security upgrades, mechanical improvements and more. These investments provide peace of mind while reducing the likelihood of major capital expenditures in the near future. Whether you're expanding an investment portfolio, securing a long term commercial asset or looking for a property with additional upside, 66 Elgin Street West offers a compelling combination of reliable income, quality improvements and future potential in one of Northumberland County's strongest commercial markets. (id:58753)Show Description

MLS® NumberX13572802

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

DrivewayOther

Garage Spaces

HeatBaseboard heaters, Forced air, Natural gas, Other

A/CFully air conditioned

Extras

Map

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