39 King Street
Cobourg, ON
- 5 bath
- 4,390 sqft
- Investment
- 263 days on market
A rare opportunity to own a fully stabilized Main Street investment in a high-growth, lifestyle-driven market within easy reach of Toronto. Ideal for investors looking to diversify beyond the GTA, with minimal management while maintaining strong connectivity, dependable returns, & long-term capital appreciation. The well-maintained historic brick building offers enduring character paired with modern functionality & no capital improvements required. Positioned in the town's most desirable downtown district, the property benefits from strong year-round foot traffic, proximity to the Beach, Marina, & 1 Blk to VIA Rail station (1 hr to Toronto) or 401 (100 km to Toronto) A growing local economy supported by tourism & regional commuters & many households being added with new construction. Commercial Income: 1161 + 700 sq ft in LL of MN FL Retail space on 2nd Year of a 3-year lease. Longstanding retail location (formerly a salon for 22 years), now home to a successful clothing & specialty retailer. Bright storefront, large display windows, high ceilings, flexible open layout Roughed-in plumbing in place for future salon or service-based use. Full walkout basement generating additional utility with office space, storage, laundry hookups, & 2-piece bath. Residential Income: 2054 SQ FT upper floors. Three separately metered, long-term tenanted apartments accessed by Private Front entrance, ensuring clear separation from commercial operations. Investor-Friendly Features: 4 separate entrances for ease of access & tenant privacy Rear parking with 3 dedicated spaces plus nearby public parking. Potential value-add through rear expansion or deck/patio addition. Income & expense statements available. Turnkey Income. Cap Rate: 6% A rare chance to acquire a hands-off, stabilized asset in a destination market with strong fundamentals, consistent rental demand, and upside through future growth-all within a manageable drive or train ride from Toronto.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $8,916
- Listed
- December 17, 2025
Price History
Property
- Age
- 100+
- Lot Size
- 22.26 x 115.6 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Second Street/King St W
- Zoning
- MC
- Parcel Number
- 510930046
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
- Office / Apartment Area
- 2054 Sq Ft
- Rental Term
- 36-60 months
Included
- Inclusions
- Central A/C, Forced Air Gas Furnace. Hot Water Tank. Newer membrane roof on building, Furnace, Fire Retrofit 2024. 3 Parking Spots. Potential for patio. Salon washing stations Roughed-In (capped over). Brick building w/ character in great condition. Income & Expenses & Upgrades list available. Tenant leases for review with accepted offer.
- Exclusions
- All Commercial fixtures and merchandise. All tenant belongings.
Community
Postal area K9A
- Population
- 26,757
- Private dwellings
- 11,937
- Median age
- 53.2
- Average household size
- 2.3
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Cobourg · last 12 months
- Median sold price
- $632,500
- Homes sold
- 352
- Median days on market
- 27
- Sale-to-list price
- 97.4%
Based on 352 recorded sales of commercial properties in Cobourg over the last 12 months.
Listed by
Century 21 United Realty Inc.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 4,390 sq ft
- Price per sq ft
- $295.90
- Annual property tax
- $8,916
- Tax per sq ft
- $2.03
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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