$1,325,000
FOR SALE

Detached 2-Storey

Bedrooms: 9Bathrooms: 6Lot: 66 x 190 ft
2025 Taxes: $8,033.85

238 James St E
Cobourg, ON K9A 1H7 | Northumberland

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).
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Listed By RE/MAX JAZZ INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13019912
Last Updated Apr 26, 2026
Property Summary
Property Type Detached

More like this:
Legal Description PT LT 11 BLK G PL CADDY (FORMERLY LT 15 CON A HAMILTON) COBOURG AS IN NC274040; COBOURG
Possession Date IMMEDIATE
Taxes (2025) $8,033.85
Directions/Cross Streets JAMES ST E / D'ARCY
Neighbourhood Cobourg
Area Northumberland
Price History

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Detailed Information
Fronting On North
Special Designations Unknown
Bedrooms 9
Bathrooms 6
Lot 66 x 190 ft
Exterior Brick
Air Conditioning None
Basement Apartment, Finished
Garage Type None
Parking Spaces 6
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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