$1,290,000
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238 James Street E, Cobourg, ON K9A1H7

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- Beds
6 Baths
12,540 Sq Ft

Rare opportunity to acquire a well-maintained 6-unit multi-residential asset in the heart of Cobourg-an ideal entry point for investors looking to step into commercial real estate with confidence. Situated on a generous 66 x 190 ft lot, this property offers ample on-site parking and strong curb appeal, supporting long-term tenant retention and ease of management. The building features over 5, 000 sq ft of (above and below grade) finished space as per MPAC, with a unit mix that has consistently delivered stable income. This building consists of 3 two-bedroom units, 2 one-bedroom unit2, and one bachelor unit. Current tenants are reliable, pay on time, and take pride in their homes-an often overlooked but critical component of a successful investment. Two units have been recently updated, offering a blend of improved rental potential and future upside. As tenancies turn over, there is clear opportunity to bring rents to market levels, strengthening overall cash flow and increasing long-term asset value. The property has been well cared for, creating a low-maintenance profile for an incoming investor. Located in a desirable area of Cobourg, close to amenities, transit, and the waterfront, this asset benefits from strong rental demand and long-term growth fundamentals. Whether you're expanding your portfolio or acquiring your first multi-unit property, this is a strategic opportunity to secure a stable, income-producing asset with built-in upside in a high-demand market. Currently the property is professionally managed - management company is willing to continue to manage for 8% with 3 months free (effective 6% for the first year). (id:58753)

Listing By: Anita Bongers-Lewis - RE/MAX Jazz INC. cncrea2 Realty.com
  • MLS® X13019902
  • Date Listed04/20/2026
  • Days on Realty 48 Days
  • Bedrooms -
  • Bathrooms 6 baths
  • Lot Size 546,242,400 sq. ft
  • Sewer Other
  • Property Type Multi Family
  • Water Public
  • Square Feet 12,540 sq. ft
  • Price Per Sq. Ft $102.87

Interior Features

  • Cooling None
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 546,242,400.00
  • Lot Features -

Directions

Cross Streets: JAMES ST E / D'ARCY. ** Directions: 401 TO DIVISION ST, SOUTH ON DIVISION, LEFT ON KERR ST, RIGHT ON D/ARCY ST, RIGHT ON JAMES ST.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K9A1H7

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

Walkability in ON / K9A1H7

Source: Walk Score

89/100

Very Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

77/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. 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 238 JAMES STREET E, Cobourg, ON K9A1H7

Frequently Asked Questions for 238 JAMES STREET E

Source: Realty.com

238 JAMES STREET E, Cobourg, ON K9A1H7 in Cobourg, ON K9A1H7 is a multi family listed at $1,290,000. Highlights include 6 bathrooms, 12,540 sq. ft., $103 per sq. ft.. Realty.ca has 16 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 16 photos of 238 JAMES STREET E.

The full address for this home is 238 JAMES STREET E, Cobourg, ON K9A1H7.

238 JAMES STREET E has been listed on Realty.com since Mon April 20, 2026

Most errands can be accomplished on foot. 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.

Listing provided courtesy of: RE/MAX Jazz INC.
Listing agent: Anita Bongers-Lewis

This content last refreshed on 2026-06-07 09:33:18. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.