$1,400,000
Available - For Sale
Listing ID: X10433227
39 King St West , Cobourg, K9A 2M1, Ontario
| Sought After Freehold, Mixed-Use Comm/Res 3FL Apt. Bldg. in Prime Downtown Location. Commercial for your own business + 3 Residential Income Apts. OR set the rent for the Main Fl commercial & Rent out when you buy. (Commercial is currently on market for lease. May be rented TBD) Great Investment. Historic Character + Well-Updated & in good shape. 3 Res Apts. Tenanted on 2nd & 3rd FL w/Sep. Front Door entrance. Overlooks boutique tourist & shopping district. Mn Flr Retail was successful Salon, Owner-operated & well-maintained for 22 Years! Beautiful big Storefront Display Windows Treatment room, hair stations, large merch & reception area. 4 Entrances. Basement & Main Floor both have Walkouts to 3 parking spots in back. Great for Shipping/receiving or a Potential Patio space for Restaurant? Public Parking behind, Steps to the Marina, Yacht Club, Beach, Park, Esplanade & Boardwalk. Adjacent to gorgeous Victoria Hall, Art Gallery & Concert Hall. Large Banner signage area in front & back. Plenty of natural light, high ceilings, laminate & tile flooring. Basement used for office, laundry hookups, 2pce Bath, Storage. Invest for Success in coveted Prime location near Victoria Hall. VIA 1Blk ~ 100km to Toronto |
| Extras: Newer membrane roof on building, 3 Parking Spots. Potential for patio. Salon washing stations Plumbed-In. Can remove. Brick building w/ character in great condition. Buyer can occupy Commercial if not leased yet! Tenant leases for review. |
| Price | $1,400,000 |
| Minimum Rental Term: | 36 |
| Maximum Rental Term: | 60 |
| Taxes: | $8916.00 |
| Tax Type: | Annual |
| Occupancy by: | Partial |
| Address: | 39 King St West , Cobourg, K9A 2M1, Ontario |
| Postal Code: | K9A 2M1 |
| Province/State: | Ontario |
| Lot Size: | 22.26 x 115.60 (Feet) |
| Directions/Cross Streets: | Second Street/King St W |
| Category: | Apartment |
| Use: | Apts-2 To 5 Units |
| Building Percentage: | Y |
| Total Area: | 4390.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 2054 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 1161 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Taxes Expense: | $8916 |
| Insurance Expense: | $7430 |
| Heat Expenses: | $1440 |
| Water Expense: | $3240 |
| Other Expenses: | $600 |
| Gross Income/Sales: | $103200 |
| Net Income Before Debt: | $81574 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | N |
| Washrooms: | 2 |
| Crane: | N |
| Clear Height Feet: | 6 |
| Truck Level Shipping Doors #: | 1 |
| Grade Level Shipping Doors #: | 1 |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Sewers: | San+Storm |
| Water: | Municipal |
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| CENTURY 21 ALL-PRO REALTY (1993) LTD. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Northumberland |
| Municipality: | Cobourg |
| Neighbourhood: | Cobourg |
| Lot Size: | 22.26 x 115.60(Feet) |
| Approximate Age: | 100+ |
| Tax: | $8,916 |
| Baths: | 2 |
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