$899,000
FOR SALE

Investment

Lot: 33 x 165 ftTotal Area: 2,500 ft2
2023 Taxes: $10,060

29 King St E
Cobourg, ON K9A 2M1 | Northumberland

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.
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Listed By MYSAK REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8336348
Last Updated May 24, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 2 to 5 Units
Category Apartment
Legal Description PT LT 5 BLK A PL CADDY (FORMERLY LT 16 CON B HAMILTON) COBOURG PT 1 & 3, 39R1016; COBOURG
Occupancy Tenant
Possession Date TBA
Taxes (2023) $10,060
Tax Type Annual
Directions/Cross Streets Division St. & King St. E.
Neighbourhood Cobourg
Area Northumberland
Price History

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Detailed Information
Freestanding N
Lot 33 x 165 ft
Lot Irregularities 33' X 165'
Total Area 2,500 ft2
Air Conditioning Part
Garage Type Outside/Surface
Amps 100
Heat Type Baseboard
Financial Statement N
Gross Income/Sales $74,985
Hydro Expense $5,104
Water Expense $2,070
Heat Expenses $866
Insurance Expense $5,235
Taxes Expense $10,060
Year Expenses $2,023
Expenses Actual/Estimated Est
Utilities A
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning Comm/Res
Seller Property Info Statement N

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