3 King St W

Cobourg, K9A2L8
UNAVAILABLE
3 King St W, Cobourg
Store With Apt/Office
CATEGORY
7,500 Sq Ft
TOTAL AREA
X5616859
MLSID
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Property Description
Large 30' Frontage Adjacent To Td Canada Trust At Cobourg's Major Downtown Intersection. Solid Edward Jones Lease. Over $250,000 Retrofit On Main Floor. Separate And New Hvac System. One Large Three Bedroom Apartment With Parking And Basement. One Large One Bedroom Apartment With Third Floor Loft Space. New Roof {5 Years}. Very Solid Income. Well Maintained Building, Excellent Location. Private Parking. National Tenant
Property Details
Category
Store With Apt/Office
Zoning
Commercial & Residential
Total Area
7,500 Sq Ft
Office/Apartment Area
7,500 Sq Ft
Lot Size
30' x 108'
Taxes
$8,676 (2021)
Listing contracted with Thorncrest Realty Inc., Brokerage
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79 King St W, Cobourg
Store With Apt/Office
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FOR SALE
INVESTMENT DREAM. A RARE CHANCE TO GET INTO OWNERSHIP. Vendor FINANCE Available for the right person! Perfect Live/Work Space &/or Income Property. Downtown Commercial/Residential Mixed-use Condo. 2 Units on 1 Level 2 Parking Spaces. Front Unit Commercial Storefront faces Main Street in Boutique Downtown. 2050 SqFt Former Spa/Salon & Retail w/ Big Storefront Windows, 5 Treatment Rms or Offices. Reception & Merchandise Area, 2Bath, 2 Steam Showers, 3 entrances. *Commercial Unit Currently vacant* Residential Condo is beside on Ground floor also and is 1495 Sq Ft 2Br +Den 2Bath w/ South Facing Patio Rented at $2700/Mo.Res Tenant on 2nd term of Month to Month lease pays $2700/m +Heat & Hydro Owner pays Res Taxes, Res Condo fee. Condo fee includes: Bldg Insur., Water, Common Elements, Reserve fund. Solid investment w/ approx. 5.4% Cap Rate (before debt service) once front Commercial is Tenanted. A Rare chance to invest w/ Financing Available from Vendor.
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