$550,000
Cobourg
#A&B 79 King Street West, Cobourg, Ontario, K9A2M4
This retail property in Cobourg is for sale offering roughly 2,263 sq ft of space. It has been on the market 45 days, fresher than the Cobourg average of 81 days.
Exceptional opportunity to own two commercial condominium units in the heart of Downtown Cobourg's vibrant business, shopping and tourist district. Ideally positioned on bustling Main Street, these contemporary, well-renovated units offer excellent storefront exposure, large display windows, high ceilings and the flexibility of both investment income and owner occupancy. The two units are connected by a shared front vestibule while maintaining completely separate, private spaces and have successfully operated independently for years. Subject to condominium approval, there may also be potential to combine them into one larger commercial space. Unit A is currently occupied by a long-term office tenant and features a welcoming reception area, four private offices, storage/file cabinetry and rough-ins for two 2-piece washrooms, providing immediate income for an investor. Unit B offers a bright, open-concept retail/commercial space previously occupied by a successful retail business. The space features high ceilings, updated flooring and excellent Main Street visibility, making it well suited for retail, professional services, a boutique, studio or other commercial uses. Enjoy a highly walkable location steps from Cobourg's Marina, Yacht Club, harbour, waterfront, Esplanade and beach, surrounded by banks, professional services, restaurants, cafés, boutiques, Victoria Hall, the Art Gallery and Concert Hall. The VIA Rail station is approximately one block away, with convenient access to Highway 401 and approximately 100 km to Toronto. A unique turnkey opportunity offering income, flexibility and exceptional exposure in one of Downtown Cobourg's most established commercial districts. Occupy one unit while generating income from the other, lease both, or explore the potential to combine the spaces to suit your business needs. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 45 days on market, against an average age of 81 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 45 days, which is 36 days fresher than the city average of 81. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $550,000, about 6.7× the local median household income of $82,000.
Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — roughly 31% above the area median.
Source: Statistics Canada, 2021 Census (FSA K9A)
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