$1,075,000

For sale

70 King Street East, Cobourg - Retail for Sale

70 King Street East, Cobourg, Ontario, K9A1K9

1 bath11,500 sq ft (0.26 ac) lot sizeListed 35 days ago

Overview

This retail property in Cobourg is for sale. It has been on the market 35 days, fresher than the Cobourg average of 81 days.

Retail Space for Sale in Cobourg →All real estate in Cobourg →

Description

Excellent corner lot exposure on the main street (King Street) in the Town of Cobourg facing Victoria Park and the Cobourg Beach. BUSINESS HAS RELOCATED AND INTERIOR IS UNDER RENOVATIONS. This 1,580 sq. foot commercial location has "main central commercial" zoning which allows a myriad of commercial, retail, office & residential uses. See list with listing broker. Ceiling height to the drop ceiling is currently 9'. Ceiling height to the rafters is 11'8'. Building only encompasses a fraction of the buildable area on this lot with a maximum height of 39 feet which would have a great view over Victoria Park to Lake Ontario. Walk everywhere in downtown Cobourg from this location with 7 minute access to Highway 401. Currently front parking area front for about 7 cars and a huge back lot parking area for approximately 16 cars. Plot also includes a 25' x 37' piece of land in front of #68 King Street East. High visibility corner location with rear access off Swayne Street. Level entrance front and back. No basement. Presale inspection available. Other documentation re: zoning, uses, and site available. (id:66096)

Property Details

MLS®: X13808580
Property Type: Retail
Business Type: Service
Zoning: Main Central Commercial
Bathrooms: 1
Lot Size: 11,500 sq ft (0.26 ac)
Frontage: 64 ft
Heating: Other
Cooling: Fully air conditioned
Property Tax: $13,050/yr
Listed: 35 days ago

Features

Appliances: Water Heater
Lot Features: Conservation/green belt

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Cobourg listings, avg age

81d

List price

$1.07M

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.

Haho

This retail in Cobourg has been listed for 35 days, which is 46 days fresher than the city average of 81. Act while there is still low competition.

Set a price alert Book a showing

Listed by Royal LePage Frank Real Estate · Andrew Galvin

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9A)

This home lists at $1,075,000, about 13.1× the local median household income of $82,000.

Carrying it typically needs a household income of about $209,985 (20% down, 25-yr amortization, stress-tested) — roughly 156% above the area median.

Median household income: $82,000
Population: 26,757
Median age: 53.2
Owner / renter: 74% / 26%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K9A)

$1,075,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

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 →