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!
21 & 23 KING STREET E, Cobourg
2026-09-18
Quick Summary
- Location
- 21 & 23 KING STREET E, Cobourg, Ontario K9A1K6
- Price
- $1,100,000
- Status:
- For Sale
- Property Type:
- Business
- Area:
- 5700 sqft
- Bedrooms:
- 9
- Bathrooms:
- 4
- Garages:
- 1
MLS®#X13798450
Property Description
10.23% CAP RATE. EXCEPTIONAL DOWNTOWN INVESTMENT OPPORTUNITY! 5,760 Sq Ft Brick, 14-bedroom 4 Kitchen 4 Bath Boarding/Rooming House configured across 2 substantial semi-detached Historic Residences in a sought-after Lake Ontario heritage downtown. A compelling income property offering investors strong cash flow today PLUS intriguing future potential. Continue the established income-producing use or explore opportunities to revamp and reposition these 2 historic residences. Potential concepts may include a boutique hotel/inn, mixed-use commercial/residential, live/work spaces, private residence townhomes or traditional rental units (subject to zoning, municipal & other required approvals.) The property zoning is MC with Exception & benefits from a legally protected non-conforming status related to its historic use, offering Buyers the option to investigate future possibilities for commercial &/or residential use - or simply continue the existing use. Superb LOCATION!!! Situated in a vibrant historic tourist & destination downtown on the shores of Lake Ontario, close to the Beach, Waterfront, Marina, Parks, Boardwalk, shops, restaurants & amenities. Character details throughout. Orig Banister Staircase, Wood Flooring, High Ceilings, Pocket Doors, Crown Molding, Covered front Porch. Approx. 100 km from Toronto with VIA Rail service in town & Hwy 401 nearby. 2 Furnaces with Gas heat. 2 Gas Hot Water Tanks. Rents are all-inclusive. Income & Expense Statement + Floor Plans available. A rare opportunity combining immediate income, approx. 10.23% cap rate, 5,760 Sq Ft, established legal use & future repositioning potential in an exceptional downtown location 100KM to Toronto and steps to the lakefront. Gross Income: $14,000/M | $168,000/Yr. Expenses: $4,626.33/M | $55,515.96/Yr. Net Income: $9,373.67/M | $112,484.04/Yr. Approx. 10.23% CAP RATE at current list price, based on Seller-provided income & expenses. Phase 1 ESA avail. 2 Semi-Det Homes. 2850 approx. Sqft Each. (id:32467)
Property Features
Building
- Appliances: Water Heater, Window Coverings
- Cooling Type: None
- Fireplace: No
- Interior Size: 5700 sqft
- Utility Water: Municipal water
Features
- Feature: Irregular lot size
Land
- Land Size: 40.95 x 165 FT
Zoning
- Description: MC Exception for legal non-conforming use
Information entered by Century 21 United Realty Inc.
Listing information last updated on: 2026-09-18 17:08:36
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
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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:
- 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
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