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29 King St E

King St E, Cobourg, Cobourg, ON, K9A 1K6

-
Beds
-
Baths
2,500
Sq. Ft.
$899,000
List Price
Details
Photos
11
Comparables
History
29 King St E, Cobourg, ON - 1 of 3
29 King St E, Cobourg, ON - 2 of 3
29 King St E, Cobourg, ON - 3 of 3
36 days on market

Quick Summary

  • Rare investment opportunity in prime downtown location
  • Attractive 5.6% capitalization rate for investors
  • Walking distance to Cobourg Beach and Victoria Park
  • Diverse property with 2 one-bedroom, 1 two-bedroom units
  • Includes a commercial space for additional income
  • Roof re-shingled in 2017 for improved condition
  • On-site parking for up to 4 vehicles
  • Tenants pay their own hydro for lower operating costs

Incredible investment opportunity in the heart of downtown Cobourg! 5.6% Cap rate, Rare opportunity to own a prime piece of real estate within walking distance to Cobourg Beach & Victoria Park. 2 x 1 Bedroom units, 1 x 2 Bedroom unit & 1 Commercial Space. Roof re-shingled in 2017, Onsite parking for up to 4 vehicles, Tenants pay their own... Show More

Incredible investment opportunity in the heart of downtown Cobourg! 5.6% Cap rate, Rare opportunity to own a prime piece of real estate within walking distance to Cobourg Beach & Victoria Park. 2 x 1 Bedroom units, 1 x 2 Bedroom unit & 1 Commercial Space. Roof re-shingled in 2017, Onsite parking for up to 4 vehicles, Tenants pay their own Hydro. The convenient central location allows for easy access to downtown shops/restaurants, the beach, local transit and the VIA rail station. **** EXTRAS **** Current Rents: Unit 1A pays $848.72, Unit 1B pays $1,900 monthly, Unit 2A pays $1,700 & Unit 2B pays $1,800. (id:54626)

Property Details

Size

2,500 sq. ft.
0 Beds
0 Baths

Heating & Cooling

Heating
Baseboard heaters
Cooling
Partially air conditioned

Utilities

Water
Municipal water
Sewer
-

Source

Listing Brokerage

MLS® Listing
X8336348
Last Updated
May 24, 2024
Brokerage
MYSAK REALTY INC.
Powered by: REALTOR.ca
Call us 800-591-0566

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