41-43 King Street
Cobourg, ON
9 bath • 6,178 sqft • Investment • 113 days on market
Don't miss your chance to add this high-performing asset to your portfolio. With very limited available space left on King Street & new developments under proposal review for infill, this is the perfect timing for an opportunity to invest in a thriving and growing downtown core. Tenants are drawn to the highly walkable area with access to all essential amenities. This is a fantastic income asset. A turnkey Investment opportunity in supreme Location by the beach/lakefront. Invest in the heart of Downtown Cobourg, one of Ontario's most sought-after tourist destinations & growing lifestyle communities. 100KM to Toronto. Superior Location for this fully tenanted 9-unit Mixed-Use Brick apartment building with 1 Unit a 2000 sq ft Commercial Storefront. Very Successful Commercial business occupies the space on a 5-year lease(expires Oct 31, 2030) Attractive Cap Rate. Approx. 7.5% return. Solid tenant base (new great Tenants)with month-to-month residential leases. Updated & Well-Maintained. Situated directly on King Street E, Cobourg's main commercial strip amidst excellent dining, entertainment, galleries, boutique shopping &professional services. Adjacent to Victoria Park, the Beach, Boardwalk, Marina, Yacht Club, and Heritage Harbour. Farmers Market, Grocer, Skating Rink & Year-round events & tourism attractions. Excellent commuter access: just 2 blocks to VIA Rail & the Highway 401/407 corridor 100 KM to Toronto. Newer$25,000 boiler system & hot water tank. Newer A/C Splitter for Retail unit. Newer flooring, Paint, &Upgraded units. Parking for 6 cars in back. Financials, Upgrades available. Do not hesitate on this opportunity! Owner pays Water for building + Hydro for Res Tenant. Great new Res. tenants!!
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Listing Details
- Taxes (2025)
- $10,957
- Listed
- May 2, 2026
Price History
Property
- Age
- 51-99
- Lot Size
- 37.99 x 162.36 Feet
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Mcgill & King St E
- Zoning
- Main Commercial
- Parcel Number
- 511000012
- Possession
- Flexible
Commercial
- Business Type
- Apts - 6 To 12 Units
- Occupancy
- Tenant
- Office / Apartment Area
- 4178 Sq Ft
- Rental Term
- 36-60 months
Included
- Inclusions
- 6 Parking Spaces. All Fridges, Stoves for Residential Units (as is) Financials & Rent Roll available. Commercial space can be shown but upper units we can show 1 or 2 of until offer is in hand. Commercial Lease term ends March 31 2030. $2800 / month 4% yrly escalations. Business is not for sale.
- Exclusions
- Tenant Belongings. Business is not for sale.
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
- $639,900
- Homes sold
- 359
- Median days on market
- 27
- Sale-to-list price
- 97.4%
Based on 359 recorded sales of commercial properties in Cobourg over the last 12 months.
Listed by
CENTURY 21 UNITED REALTY INC.
Location
Commercial figures
- Building area
- 6,178 sq ft
- Price per sq ft
- $282.45
- Annual property tax
- $10,957
- Tax per sq ft
- $1.77
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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