



$799,000
Cobourg
King Street West, Cobourg, Ontario, K9A2L9
This retail property in Cobourg is for sale offering roughly 2,322 sq ft of space.
Prime Mixed-Use Investment Opportunity in the Heart of Cobourg. Exceptional commercial building offering a rare opportunity to own a fully tenanted mixed-use property in one of Cobourg's most desirable downtown locations. This well-maintained building features a rented retail storefront on the main level plus two residential apartments above, providing strong income potential and diversified revenue streams. Ideally situated backing directly onto the Covert St. municipal parking lot, the property benefits from excellent accessibility and convenient public parking for customers and tenants alike. Two private parking spaces are also included. Located just steps from downtown shops, restaurants, and amenities, and within walking distance to Cobourg's beautiful waterfront and beach, this property combines investment stability with unbeatable location appeal. An outstanding opportunity for investors seeking a turnkey property in a thriving lakeside community. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 152 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.
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Approximate location — exact address confirmed upon showing
This home lists at $799,000, about 9.7× the local median household income of $82,000.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 90% above the area median.
Source: Statistics Canada, 2021 Census (FSA K9A)
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