We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
41-43 KING STREET E, Cobourg
2025-10-09
Quick Summary
MLS®#X12455354
Property Description
A rare Investment opportunity in supreme Location by the beach/lakefront 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 Including 1 Commercial Storefront. Step into Great Income. Successful Commercial tenant on a 5-year lease (expires Oct 31, 2030) Attractive Cap Rate. Approx. 7.5% return. Turnkey with Solid tenant base (new great Tenants) with month-to-month residential leases. Updated & Well-Maintained . Financials available. Situated directly on King Street, 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. 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. Don't miss your chance to add this high-performing asset to your portfolio. Newer $25,000 boiler system & hot water tank. Newer A/C Splitter for Retail unit. Painted, Upgraded units. Parking for 6 cars in back. Do not hesitate on this opportunity! Owner pays Water for building + Hydro for Res Tenant. Great new Res. tenants! (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Public Transit
Building
- Cooling Type: Partially air conditioned
- Fireplace: No
- Interior Size: 6178 sqft
- Building Type: Multi-Family
- Utility Water: Municipal water
Land
- Land Size: Bldg=37.99 x 162.36 FT ; 37.33fx 165.62 ft x 37.33 ft x 165.72 ft
- Sewer: Sanitary sewer
Zoning
- Description: Main Commercial
Information entered by CENTURY 21 UNITED REALTY INC.
Listing information last updated on: 2025-12-11 19:50:23
Book your free home evaluation with a 1% REALTOR® now!
How much could you save in commission selling with One Percent Realty?
Slide to select your home's price:
$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
Send a Message
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
Yes, yes, and yes.
Learn more about the One Percent Realty Deal
Micheal Carstensen Realtor & Mortgage Agent
- Phone:
- 4167074300
- Email:
- micheal@onepercentrealty.com
- Support Area:
- TORONTO, OSHAWA, BOWMANVILLE, COURTICE, NEWCASTLE, PORT HOPE, COBOURG, COLBORNE, BRIGHTON, QUINTE WEST, BELLEVILLE, PETERBOROUGH, MILLBROOK, LINDSAY, PORT PERRY, BROOKLIN, UXBRIDGE, KESWICK, BARRIE, ORILLIA, BEAVERTON, FENELON FALLS, BOBCAYGEON, LAKEFIELD, KAWARTHA, ORONO
Top Agent, Lightning-Fast Service, Powerhouse Negotiator, Cash Paid for Buyers, ...
Full Profile