29 King Street
Cobourg, K9A 2M1
FOR SALE
$750,000

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Investment
CATEGORY3,388 Sq Ft
TOTAL AREAX12151686
MLSIDContact Us
Property Description
Rare opportunity to own a mixed-use fourplex in the heart of downtown Cobourg! This stunning property features 1 commercial unit and 3 residential apartments just steps from the beach, Victoria Park, and Cobourg's vibrant shops and restaurants. The entire main floor is zoned commercial offering flexibility to convert the rear main unit back to commercial use if desired(total 1,308 sqft per MPAC).Current configuration includes two 1-bedroom units, one 2-bedroom unit, and one commercial space. Excellent tenants in place, some units paying their own hydro. Onsite parking for up to 4vehicles. With its prime location, solid income, and future flexibility, this property stands out as one of the best-priced fourplexes available especially in such a high-demand downtown location. An ideal addition to any investors portfolio with long-term upside and walkable appeal.***MOTIVATED SELLER Opportunity to bundle multiple listings for a better CAP and price. See MLS listings X12151686, X12151707, X12164060, X12151667. Willing to sell these 27 units at an overall reduced price.
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Property Details
Address
29 King Street
Community
City
Postal Code
K9A 2M1
Property Type
Investment, Investment
Days On Market
39
Use
Apartment
Zoning
MC
Lot Size
33' x 165'
Total Area
3,388 Sq Ft
Taxes
$11,190 (2024
Heat Type
Baseboard
Water
Municipal
Garage Type
None
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Listing contracted with Re/Max Jazz Inc.
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