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$699,000
Available - For Sale
Listing ID: X11824328
2 Excellent TENANTED Commercial Units with shared Entry Vestibule. Main Street Prime Storefront Location. Superb condition. 1 is 4 Offices w/ Reception area and 1 is large open Retail Gift Shop & Home Decor store. Beautifully finished contemporary spaces. Both have large Display Windows. Unit A Tenanted for 6 yrs has 4 Offices, Reception, 2 2-pce Baths R/in, Storage. Unit B is Beautiful Large Retail space. High Ceilings. Newer Flooring. You can purchase this turnkey Investment located in an in-demand, bustling Downtown Heritage Streetscape in Cobourg's downtown. Brimming with high energy entrepreneurs and a variety of all shops & services, restaurants & cafes. The Business and Shopping mecca 100 km to Toronto in a cosmopolitan downtown...just Steps to the shimmering and boat-filled Marina in summer, the Harbourfront Esplanade, Lakefront, Boardwalk for strolling & the coveted sandy Beach. VIA Station is 1blk. 401 close by. Convenient for commuters. Set amongst Key Anchor Tenants: Banks, Financial & Professional Services, Victoria Hall, Art Gallery, Concert Hall, Restaurants, Cafes in the Business, Shopping, Entertainment & Tourist District. Unit A 1140 Sq Ft Pays $19,019/YR Base Rent + $11,289.72/YR TMI or Monthly Base Rent $1,584.91/m + $940.81 TMI/m (Condo Fee $541.04/m + Property Tax $399.77/m) + Heat/Utilities. Leased through 10/31/2026 Unit B 1120 Sq Ft Pays $31,764.12/YR Gross Lease or $2,647.01/m Gross Lease + Heat/Hydro. LL Pays only Unit B TMI $770.75 (Condo Fee $451.28/m & Property Tax $319.47/m) Unit B Leased through 11/30/2025 NOTE: (Condo fees cover: Water, Bldg. Insurance, Common Elements, Reserve fund, Property Mgmt.) Approx. 7% CAP RATE! **EXTRAS** Glass doors into shared, bright, vestibule entrance. Large display windows. Modern lighting. Laminate Flooring. Upgraded decor. High Ceilings. 2 R/In baths. Common area 3rd bath for Tenant B use. Back doors to common area hall/bathroom.
Price $699,000
Taxes: $8,842.68
Tax Type: Annual
Monthly Condo Fee: $930
Occupancy by: Tenant
Address: 79 King Stre West , Cobourg, K9A 2M4, Northumberland
Postal Code: K9A 2M4
Province/State: Northumberland
Directions/Cross Streets: Third St/King St W
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Commercial Condo
Use: Other
Building Percentage: F
Total Area: 2,263
Total Area Code:  Square Feet
Office/Appartment Area: 1143
Office/Appartment Area Code: Sq Ft
Retail Area: 1120
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Approximatly Age: 16-30
Franchise: F
Taxes Expense: $8843
Maintenance: 0
Gross Income/Sales: $62073
Operating Expenses: $9249
Net Income Before Debt: $52824
Year Expenses: 2024
Expenses Actual/Estimated: $Est
Sprinklers: No
Outside Storage: F
Crane: F
Heat Type: Electric Forced Air
Central Air Conditioning: Yes
Sewers: Sanitary
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CENTURY 21 ALL-PRO REALTY (1993) LTD.

79 King Stre West , Cobourg, K9A 2M4, Northumberland


 
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Type: Com - Commercial Retail
Area: Northumberland
Municipality: Cobourg
Neighbourhood: Cobourg
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Lot Size: 0.00 x 0.00(Feet)
Approximate Age: 16-30
Tax: $8,842.68
Maintenance Fee: $0
Beds: 0
Baths: 2
Garage: 0
Fireplace: N
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