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$2,600,000

Cobourg ON, K9A 2M5

MLS® # X12338042

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Heating Type: Baseboard heaters
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Lot Depth: 176.0 Feet
  • Lot Frontage: 72.7 Feet
  • Zoning: MC

Courtesy of: RE/MAX JAZZ INC.

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 144 KING STREET W, Cobourg, Ontario, K9A 2M5

Demographic Information of 144 KING STREET W, Cobourg, Ontario, K9A 2M5

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$96,235.49

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.24 %

High school certificate or equivalent

31.69 %

Apprenticeship trade certificate/diploma

6.39 %

College/non-university certificate

24.48 %

University certificate (below bachelor)

2.07 %

University Degree

19.14 %

Commuter

Travel To Work

By Car

82.26 %

By Public Transit

2.15 %

By Walking

10.8 %

By Bicycle

0.16 %

By Other Methods

4.63 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.78 %

Houses

61.22 %

Own Vs. Rent