422 West King Street West, Cobourg, Ontario, K9A2N7




$1,350,000
Cobourg
This retail property in Cobourg is for sale offering roughly 1,425 sq ft of space. It has been on the market 62 days, fresher than the Cobourg average of 80 days.
This Property offers excellent potential in High Traffic Location, an apartment building directly across the street provides consistent customer flow. The business benefits from peak activity during the summer months with a public beach located approximately 500 yards away. This well established operation attracts a steady stream of Buyers and customers flow. The owner has completed full renovations and there is no outstanding work. The business generates approximately over $200,000 a year offering an affordable turnkey opportunity. Please do not approach staff directly. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 62 days on market, against an average age of 80 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 97.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This retail in Cobourg has been listed for 62 days, which is 18 days fresher than the city average of 80. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,350,000, about 16.5× the local median household income of $82,000.
Carrying it typically needs a household income of about $263,702 (20% down, 25-yr amortization, stress-tested) — roughly 222% above the area median.
Source: Statistics Canada, 2021 Census (FSA K9A)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →