39 King ST W Active Save Request In-Person Tour Request Virtual Tour
Cobourg,ON K9A 2M1
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,390 sqft
Price per Sqft $295
Subdivision Cobourg
MLS Listing ID X10433227
Building Age 100+
Annual Tax Amount $8,916
Tax Year 2024
Property Sub-Type Investment
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.
Location
Province ON
County Northumberland
Community Cobourg
Area Northumberland
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 22.26
Lot Depth 115.6
Others
Security Features No
Virtual Tour https://listings.insideoutmedia.ca/sites/webgbvr/unbranded