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$1,399,000
Est. payment /mo
9 Baths
6,178 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,178 sqft
Price per Sqft $226
Subdivision Cobourg
MLS Listing ID X12066729
Building Age 51-99
Annual Tax Amount $7,000
Tax Year 2025
Property Sub-Type Investment
Lot Depth 162.36
Lot Front 37.99
Property Description
Apartment Building plus main street commercial. Superb 8% (approx.) Cap Rate in Downtown Cobourg beside Victoria Park, Victoria Beach, Heritage Harbour Marina, the Esplanade & Yacht club and all attractions. Long term tenants on month-to-month rental. New Commercial Retail Tenant on 5 year lease in a 2000 Sq Ft Commercial Space on Main Floor with Many Tall Retail Display Windows. 2 floors of apartments above. This is a fantastic Location in the Popular Tourist Destination Shopping, Dining, Professional Services district of Downtown Cobourg. A Perfect investment to add to your portfolio in the almost-filled to capacity Heritage Downtown Cobourg. Few Remaining Retail & Residential multi-unit buildings King Street Spaces left available for sale or rent. Desired rental location in the heart of downtown and access to all amenities. The VIA & 401 is a couple of blocks north for commuters. 9 units total including 1 commercial & 1 storage unit.
Location
Province ON
County Northumberland
Community Cobourg
Area Northumberland
Zoning Main Commercial
Interior
Cooling Partial
Inclusions All appliances in units in "As is" condition. ON wall A/C unit in commercial space. Shelving. As is.
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 37.99
Lot Depth 162.36
Others
Security Features No
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Listed by CENTURY 21 ALL-PRO REALTY (1993) LTD.