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39 King Street W, Cobourg, ON K9A 2M1

Cobourg, ON, K9A 2M1 · Cobourg

5 Baths
Sq Ft
3 Parking
Investment Type
X12641452 MLS#

About this property

A rare opportunity to own a fully stabilized Main Street investment in a high-growth, lifestyle-driven market within easy reach of Toronto. Ideal for investors looking to diversify beyond the GTA, with minimal management while maintaining strong connectivity, dependable returns, & long-term capital appreciation. The well-maintained historic brick building offers enduring character paired with modern functionality & no capital improvements required. Positioned in the town's most desirable downtown district, the property benefits from strong year-round foot traffic, proximity to the Beach, Marina, & 1 Blk to VIA Rail station (1 hr to Toronto) or 401 (100 km to Toronto) A growing local economy supported by tourism & regional commuters & many households being added with new construction. Commercial Income: 1161 + 700 sq ft in LL of MN FL Retail space on 2nd Year of a 3-year lease. Longstanding retail location (formerly a salon for 22 years), now home to a successful clothing & specialty retailer. Bright storefront, large display windows, high ceilings, flexible open layout Roughed-in plumbing in place for future salon or service-based use. Full walkout basement generating additional utility with office space, storage, laundry hookups, & 2-piece bath. Residential Income: 2054 SQ FT upper floors. Three separately metered, long-term tenanted apartments accessed by Private Front entrance, ensuring clear separation from commercial operations. Investor-Friendly Features: 4 separate entrances for ease of access & tenant privacy Rear parking with 3 dedicated spaces plus nearby public parking. Potential value-add through rear expansion or deck/patio addition. Income & expense statements available. Turnkey Income. Cap Rate: 6% A rare chance to acquire a hands-off, stabilized asset in a destination market with strong fundamentals, consistent rental demand, and upside through future growth-all within a manageable drive or train ride from Toronto.

Features & Amenities

  • Garage: None
  • Cooling: Yes
  • Heat Type: Gas Forced Air Closed
  • Sewer: Sanitary+Storm

Property Details

Property Type Commercial
Property Sub-Type Investment
Bathrooms 5
Garage None
Parking Spaces 3
Heat Type Gas Forced Air Closed
Cooling Yes
Sewer Sanitary+Storm
Annual Tax $8,916
Tax Year 2025

Building & Construction

Approximate Age
100+
Building Area Total
4390

Heating & Cooling

Heat Type
Gas Forced Air Closed
Cooling
Yes

Parking & Garage

Garage Type
None
Parking Spaces
3

Lot & Land

Lot Size Units
Feet
Lot Depth
115.60
Lot Width
22.26

Financial & Tax

Tax Annual Amount
$8,916
Tax Year
2025
Possession Type
Flexible
Possession Details
Immediate

Utilities & Services

Sewer
Sanitary+Storm
Utilities
Yes

Additional Details

Occupant Type
Tenant
County Or Parish
Northumberland
Cross Street
Second Street/King St W
Directions
401 to Cobourg Division St Exit South to King St W
Showing Requirements
Showing System

Location

39 King Street W, Cobourg, ON K9A 2M1, Cobourg, ON, K9A 2M1

Listing courtesy of CENTURY 21 UNITED REALTY INC.
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