39 KING STREET W, Cobourg, Ontario

$1,299,000

5 Baths
4,390 Square Feet

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:56241)

Listing ID: X10433227
Property Type: Multi-family

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Details

Parking Spaces: 3
Transaction: For sale
Zoning Description: MC

Building

Appliances: Water Heater
Cooling: Fully air conditioned
Fireplace Present: False
Bathrooms (Total): 5
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 4390 sqft
Type: Multi-Family
Utility Water: Municipal water

Land

Size Frontage: 22 ft ,3 in
Size Irregular: 22.26 x 115.6 FT

Listing provided by CENTURY 21 ALL-PRO REALTY (1993) LTD.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 39 KING STREET W in Cobourg Ontario. It was last modified on November 20th, 2024. Contact us to schedule a viewing or to discover other Cobourg real estate for sale.

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