$129,000
Cobalt
13 Cobalt Street, Cobalt, Ontario, P0J1C0
This retail property in Cobalt is for sale offering roughly 1,992 sq ft of space. It has been on the market 41 days, fresher than the Cobalt average of 74 days.
Exceptional investment opportunity in the heart of Cobalt! This versatile, dual-income property features a turn-key main-floor retail corner store with two residential apartments above, offering strong, multi-stream rental potential or an ideal live/work setup. Prominent corner-store retail layout with great street visibility and foot traffic. Located right at a public bus stop for maximum local accessibility. 200-amp electrical service and a dependable boiler heating system. 3 private parking spaces at the rear, reserved specifically for tenants. Whether you are looking to expand your real estate portfolio or operate a business while generating residential income, this well-located property delivers solid value and operational convenience. All potential buyers would have to apply for a TRDP (tobacco) & AGCO (lottery) license. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 41 days on market, against an average age of 74 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 86.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Cobalt has been listed for 41 days, which is 33 days fresher than the city average of 74. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $129,000, about 1.8× the local median household income of $72,500.
Carrying it typically needs a household income of about $25,198 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P0J)
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