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$2,900,000
Available - For Sale
Listing ID: X12338042
Exceptional fully renovated mixed-use 12-plex in the heart of Cobourg, Ontario. This turnkey property features 4 commercial units and 8 residential units, all with separate water and hydrometers, allowing tenants to pay their own utilities. Recent top-to-bottom upgrades ensure low maintenance and high appeal for current and potential tenants. Positioned in a desirable location, this property is a strong performer with exceptional income and low expenses. Additional revenue streams can be tapped from possible laundry and parking facilities. With Cobourg's growing market, this investment offers both immediate returns and future upside. Seize this rare opportunity to add a premier asset to your portfolio. Improvements include: new Mansard roof, fascia, all new pluming and electrical, all hydro and water meters separated, all new residential interior finishes and all new custom windows, with fire shutters on egress windows. Hundreds of thousands in upgrades! Please note that photos are from the prior listing - middle front commercial tenant is now Cobourg Fades. Some still photos and iGuide from prior to some residential tenants and central front commercial tenant moving in.
Price $2,900,000
Taxes: $15,934.86
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 144 King Stre West , Cobourg, K9A 2M5, Northumberland
Postal Code: K9A 2M5
Province/State: Northumberland
Legal Description: PT LT 5 BLK I N/S KING ST PL CADDY (FORM
Directions/Cross Streets: King St W / Ball
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: .3
Total Area Code:  Acres
 Management Expense: 19440
Maintenance: 0
Water Expense: $0
Vacancy Allowance: 4860
Net Income Before Debt: $174564
Expenses Actual/Estimated: $Act
Heat Type: Baseboard
Central Air Conditioning: No
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX JAZZ INC.

144 King Stre West , Cobourg, K9A 2M5, Northumberland


 
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Type: Com - Investment
Area: Northumberland
Municipality: Cobourg
Neighbourhood: Cobourg
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Lot Size: x 176.00(Feet)
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Tax: $15,934.86
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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