$1,299,000
FOR SALE

Multiplex

Bathrooms: 5Lot: 22.25 x 115.58 ft

39 King Street W
Cobourg, ON K9A 2M1

A rare opportunity to own a fully stabilized Main Street investment in a high-growth, lifestyle-driven market within easy reach of Toronto. Ideal for investors looking to diversify beyond the GTA, with minimal management while maintaining strong connectivity, dependable returns, & long-term capital appreciation. The well-maintained historic brick building offers enduring character paired with modern functionality & no capital improvements required. Positioned in the town's most desirable downtown district, the property benefits from strong year-round foot traffic, proximity to the Beach, Marina, & 1 Blk to VIA Rail station (1 hr to Toronto) or 401 (100 km to Toronto) A growing local economy supported by tourism & regional commuters & many households being added with new construction. Commercial Income: 1161 + 700 sq ft in LL of MN FL Retail space on 2nd Year of a 3-year lease. Longstanding retail location (formerly a salon for 22 years), now home to a successful clothing & specialty retailer. Bright storefront, large display windows, high ceilings, flexible open layout Roughed-in plumbing in place for future salon or service-based use. Full walkout basement generating additional utility with office space, storage, laundry hookups, & 2-piece bath. Residential Income: 2054 SQ FT upper floors. Three separately metered, long-term tenanted apartments accessed by Private Front entrance, ensuring clear separation from commercial operations. Investor-Friendly Features: 4 separate entrances for ease of access & tenant privacy Rear parking with 3 dedicated spaces plus nearby public parking. Potential value-add through rear expansion or deck/patio addition. Income & expense statements available. Turnkey Income. Cap Rate: 6% A rare chance to acquire a hands-off, stabilized asset in a destination market with strong fundamentals, consistent rental demand, and upside through future growth-all within a manageable drive or train ride from Toronto. (id:47421)
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Listed By Century 21 United Realty Inc.
Data Provided By Central Lakes Association of REALTORS®
MLS® Listing Number X12641452
Last Updated May 30, 2026
Property Summary
Property Type Multiplex

More like this:
Use Apartments
Community Cobourg
Price History

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Detailed Information
Bathrooms 5
Lot 22.25 x 115.58 ft
Listing Contract Date 2025-12-17
Location Description Cross Streets: Second Street/King St W. ** Directions: 401 to Cobourg Division St Exit South to King St W.
# of Parking Spaces 3
Property Type Multi-family
Transaction Type For sale
Zoning Description MC
Business
Business Type Residential
Business Subtype Apartments
Building
Age 100+ years
Appliances Water Heater
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air
Type Multi-Family
Utility Water Municipal water
Land
Total Size 22.26 x 115.6 FT
Size of Irregular Land 22.26 x 115.6 FT

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