$1,299,000
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39 King Street W, Cobourg, ON K9A2M1

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- Beds
5 Baths
4,390 Sq Ft

FULLY OCCUPIED DOWNTOWN COBOURG INVESTMENT generating $93, 600 in annual gross income. This well-maintained 4, 390 sq. ft. mixed-use freehold combines a prominent King Street retail storefront with three residential apartments, offering diversified income from four tenancies. Approximate NOI of $71, 974 based on supplied operating expenses represents an approximate 5.54% cap rate at the asking price.The main-floor commercial tenant occupies approximately 1, 161 sq. ft. plus a similarly sized lower level and is in the second year of a three-year lease commencing March 1, 2025. The bright storefront features large display windows, high ceilings, flexible retail space and roughed-in plumbing for salon or esthetic uses. The walkout lower level provides an office, storage, laundry hookups and a 2-piece bath.Three separately metered apartments occupy approximately 2, 054 sq. ft. across the upper floors and have a private entrance independent of the commercial premises. Two residential leases extend to January 31, 2028, while the third tenancy is month-to-month. Tenants pay their own hydro.Investor-friendly improvements include a newer membrane roof and residential furnace, 2024 fire retrofit and separate furnaces. Four entrances, three rear parking spaces and walkout access support convenient tenant operations. Potential also exists for a rear patio or future expansion, subject to approvals. Located in Cobourg's historic downtown near Victoria Hall, shopping, dining, VIA Rail, the marina and Lake Ontario. A stabilized, easily managed asset combining immediate income, established tenancy and long-term downtown value. Turnkey Income. Cap Rate: 5.5% approx. at full list price. 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:58753)

Listing By: Denise Liboiron - Century 21 United Realty Inc.
Source: CREA #X12641452 Listing provided courtesy of Canadian Real Estate Association
  • MLS® X12641452
  • Date Listed12/18/2025
  • Days on Realty 285 Days
  • Bedrooms -
  • Bathrooms 5 baths
  • Lot Size -
  • Property Type Multi Family
  • Water Public
  • Square Feet 4,390 sq. ft
  • Price Per Sq. Ft $295.9

Interior Features

  • Appliances Water Heater
  • Cooling Fully air conditioned
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Second Street/King St W. ** Directions: 401 to Cobourg Division St Exit South to King St W.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K9A2M1

Discover key demographics, population statistics, and environmental insights for the Cobourg, ON area.

Walkability in ON / K9A2M1

Source: Walk Score

95/100

Walker's Paradise

Walk Score ®

0/100

Minimal Transit

Transit Score ®

82/100

Very Bikeable

Bike Score ®

Overview

Daily errands do not require a car. It is possible to get on a bus. Biking is convenient for most trips.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 19/100, Transit Score: 0/100, Bike Score: 39/100.

Points of Interest near 39 KING STREET W, Cobourg, ON K9A2M1

Frequently Asked Questions for 39 KING STREET W

Source: Realty.com

39 KING STREET W, Cobourg, ON K9A2M1 in Cobourg, ON K9A2M1 is a multi family listed at $1,299,000. Highlights include 5 bathrooms, 4,390 sq. ft., $296 per sq. ft.. Realty.ca has 50 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 50 photos of 39 KING STREET W.

The full address for this home is 39 KING STREET W, Cobourg, ON K9A2M1.

39 KING STREET W has been listed on Realty.com since Thu December 18, 2025

Daily errands do not require a car. It is possible to get on a bus. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 19/100, Transit Score: 0/100, Bike Score: 39/100.

This content last refreshed on 2026-09-29 12:14:07. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.