79 King St W
Cobourg, K9A2M4
For Sale
$799,000
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Store With Apt/Office
CATEGORY3,589 Sq Ft
TOTAL AREAX7370540
MLSIDContact Us
Property Description
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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Extras
Comm Unit: Exposed Brick Wall, Artisan Trim, Tile, Kitchenette. Res Unit: Wood Lam flooring. Glass block. SS Appls. Ensuite Bath w/ Sep Shower/Tub.Walk-In closet. Fr Drs to Patio. Stackable front load washer dryer.
Property Details
Category
Store With Apt/Office
Zoning
Main Commercial
Total Area
3,589 Sq Ft
Office/Apartment Area
1,495 Sq Ft
Retail Area
2,050 Sq Ft
Taxes
$10,603 (2023)
Parking Spaces
2
Washrooms
4
Air Conditioning
Yes
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Listing contracted with Century 21 All-Pro Realty (1993) Ltd.
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