ON > Cobourg > Cobourg
Cobourg, ON K9A2M1,39 KING STREET W
Cobourg, ON K9A2M1,39 KING STREET W
Cobourg, ON K9A2M1,39 KING STREET W
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$1,299,000
Est. payment /mo
5 Baths
4,390 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,390 sqft

Price per Sqft $295

Subdivision Cobourg

MLS® Listing ID X10433227

Source Central Lakes Association of REALTORS®

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 3

Private Pool No

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Listed by CENTURY 21 ALL-PRO REALTY (1993) LTD.

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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