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!
238 JAMES STREET E, Cobourg
2026-04-21
Quick Summary
MLS®#X13019912
Property Description
Rare opportunity to acquire a well-maintained 6-unit multi-residential asset in the heart of Cobourg-an ideal entry point for investors looking to step into commercial real estate with confidence. Situated on a generous 66 x 190 ft lot, this property offers ample on-site parking and strong curb appeal, supporting long-term tenant retention and ease of management. The building features over 5,000 sq ft of (above and below grade) finished space as per MPAC, with a unit mix that has consistently delivered stable income. This building consists of 3 two-bedroom units, 2 one-bedroom units, and one bachelor unit. Current tenants are reliable, pay on time, and take pride in their homes-an often overlooked but critical component of a successful investment. Two units have been recently updated, offering a blend of improved rental potential and future upside. As tenancies turn over, there is clear opportunity to bring rents to market levels, strengthening overall cash flow and increasing long-term asset value. The property has been well cared for, creating a low-maintenance profile for an incoming investor. Located in a desirable area of Cobourg, close to amenities, transit, and the waterfront, this asset benefits from strong rental demand and long-term growth fundamentals. Whether you're expanding your portfolio or acquiring your first multi-unit property, this is a strategic opportunity to secure a stable, income-producing asset with built-in upside in ahigh-demand market. Currently the property is professionally managed - management company is willing to continue to manage for 8% with 3 months free (effective 6% for the first year). (id:32467)
Property Features
Building
- Appliances: Stove, Refrigerator
- Basement Development: Finished
- Basement Features: Apartment in basement
- Basement Type: N/A, N/A (Finished)
- Construction Style: Detached
- Cooling Type: None
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 3500 - 5000 sqft
- Building Type: House
- Stories: 2
- Utility Water: Municipal water
Land
- Land Size: 66 x 190 FT
- Sewer: Sanitary sewer
Ownership
- Type: Freehold
Information entered by RE/MAX Jazz INC.
Listing information last updated on: 2026-06-15 19:01:35
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$500,000
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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.
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Micheal Carstensen Realtor & Mortgage Agent
- Phone:
- 4167074300
- Email:
- micheal@onepercentrealty.com
- Support Area:
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