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#a -79 King St W Cobourg, Ontario K9A 2M4

2 Bathroom 1143 sqft
Fully Air Conditioned

$399,000

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 space. Heritage District. Turnkey Investment w/ long term tenant. (id:47515)

Property Details

MLS® Number X8104028
Property Type Retail
Community Name Cobourg
Amenities Near By Public Transit

Building

Bathroom Total 2
Cooling Type Fully Air Conditioned
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/26567833/a-79-king-st-w-cobourg-cobourg

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