A - 79 King Street W Cobourg, Ontario K9A 2M4
$349,000
Professional Offices Investment Opportunity! Superb, renovated Commercial Condo with Large Main Street Display Windows, 4 Offices, a Reception Area, Two 2-pce Baths R/in, Storage. Located well in a busy Downtown heritage streetscape in the business, boutique & tourist district steps to the Beach/Marina. Select your next investment in this in-demand district just Steps to Marina, Harbour, Lakefront, Esplanade & Beach. VIA Station is 1blk north & 1hr to Toronto for commuters. Unit shares entry vestibule common area w/ adjacent unit w/ Tenant in place. Set amongst Key Anchor Tenants, Banks, Financial & Professional Services, Victoria Hall, Art Gallery, Concert Hall, Restaurants, Cafes in the Business, Shopping, Entertainment & Tourist District. Tenant pays Condo Fee $493.69/m, Property Tax, Heat/Utilities. (Condo fee covers Water, Bldg Insurance, Common Elements, Reserve fund, Property Mgmt.) Gross Income $18,288.00 Cap Rate 4.6% Solid Tenant Business Offices Lease just renewed 10/31/24 **** EXTRAS **** High Ceilings, Large Front Windows. Updated Laminate Flooring, Lighting, 2-2pce Baths R/In, Storage Cupboards, Shared Front vestibule entrance. Outdoor display area. Heritage District. Investment w/ long term tenant. Adjacent condo for sale (id:52603)
Property Details
| MLS® Number | X8435474 |
| Property Type | Retail |
| Community Name | Cobourg |
| Amenities Near By | Public Transit |
| Farm Type | Other |
Building
| Bathroom Total | 2 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Size Interior | 1143 Sqft |
| Type | Retail |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
https://www.realtor.ca/real-estate/27034633/a-79-king-street-w-cobourg-cobourg
365 Westwood Drive Unit 5
Cobourg, Ontario K9A 4M5
(905) 372-3355
(905) 372-4626
www.century21.ca/allprorealty
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June 23 2024 12:37:26
Durham Region Association of REALTORS®
Century 21 All-Pro Realty (1993) Ltd.