Exceptional fully renovated mixed-use 12-plex in the heart of Cobourg, Ontario. This turnkey property features 4 commercial units and 8 residential units, all with separate water and hydrometers, allowing tenants to pay their own utilities. Recent top-to-bottom upgrades ensure low maintenance and high appeal for current and potential tenants. Positioned in a desirable location, this property is a strong performer with exceptional income and low expenses. Additional revenue streams can be tapped from possible laundry and parking facilities. With Cobourg's growing market, this investment offers both immediate returns and future upside. Seize this rare opportunity to add a premier asset to your portfolio. Improvements include: new Mansard roof, fascia, all new pluming and electrical, all hydro and water meters separated, all new residential interior finishes and all new custom windows, with fire shutters on egress windows. Hundreds of thousands in upgrades! Please note that photos are from the prior listing - middle front commercial tenant is now Cobourg Fades. Some still photos and iGuide from prior to some residential tenants and central front commercial tenant moving in. (id:53156)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12338042 |
| Property Type | Multi-family |
| Community Name | Cobourg |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
| Heating Type | Baseboard Heaters |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 176 Ft |
| Size Frontage | 72 Ft ,8 In |
| Size Irregular | 0.3 |
| Size Total | 0.3 Ac |
| Size Total Text | 0.3 Ac |
| Zoning Description | Mc |
https://www.realtor.ca/real-estate/28718858/144-king-street-w-cobourg-cobourg
Anita Bongers-Lewis
Broker
(905) 728-1600
(905) 436-1745
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Sales Representative
Royal LePage Edmonds & Associates
P: 613.401.4267
