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Maria Tompson
Sales Representative
Your Company Name , Brokerage
Independently owned and operated.
416-548-7854 sales@bestforagents.com
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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

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$750,000
Available - For Sale
Listing ID: X12151686
Rare opportunity to own a mixed-use fourplex in the heart of downtown Cobourg! This stunning property features 1 commercial unit and 3 residential apartments just steps from the beach, Victoria Park, and Cobourg's vibrant shops and restaurants. The entire main floor is zoned commercial offering flexibility to convert the rear main unit back to commercial use if desired(total 1,308 sqft per MPAC).Current configuration includes two 1-bedroom units, one 2-bedroom unit, and one commercial space. Excellent tenants in place, some units paying their own hydro. Onsite parking for up to 4vehicles. With its prime location, solid income, and future flexibility, this property stands out as one of the best-priced fourplexes available especially in such a high-demand downtown location. An ideal addition to any investors portfolio with long-term upside and walkable appeal.***MOTIVATED SELLER Opportunity to bundle multiple listings for a better CAP and price. See MLS listings X12151686, X12151707, X12164060, X12151667. Willing to sell these 27 units at an overall reduced price.
Price $750,000
Taxes: $11,190.02
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 29 King Stre East , Cobourg, K9A 2M1, Northumberland
Postal Code: K9A 2M1
Province/State: Northumberland
Legal Description: PT LT 5 BLK A PL CADDY (FORMERLY LT 16 C
Directions/Cross Streets: Division St / King St E
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 - 2 To 5 Units
Building Percentage: F
Total Area: 3,388
Total Area Code:  Square Feet
 Management Expense: 5471
Maintenance: 0
Water Expense: $3045
Vacancy Allowance: 1563
Net Income Before Debt: $42852
Expenses Actual/Estimated: $Act
Sprinklers: No
Heat Type: Baseboard
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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RE/MAX JAZZ INC.

29 King Stre East , Cobourg, K9A 2M1, Northumberland

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Maria Tompson
Sales Representative
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Type: Com - Investment
Area: Northumberland
Municipality: Cobourg
Neighbourhood: Cobourg
Style:
Lot Size: x 165.02(Feet)
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Tax: $11,190.02
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic sales@bestforagents.com pic 4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8 pic Office: 416-548-7854 | Toll Free: 1-866-382-2968 | Fax: 416-981-7184 Personal Pic
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