A&b - 79 King Street W Cobourg, Ontario K9A 2M4
$699,000
2 Excellent TENANTED Commercial Units with shared Entry Vestibule. Main Street Prime Storefront Location. Superb condition. 1 is 4 Offices w/ Reception area and 1 is large open Retail Gift Shop & Home Decor store. Beautifully finished contemporary spaces. Both have large Display Windows. Unit A Tenanted for 6 yrs has 4 Offices, Reception, 2 2-pce Baths R/in, Storage. Unit B is Beautiful Large Retail space. High Ceilings. Newer Flooring. You can purchase this turnkey Investment located in an in-demand, bustling Downtown Heritage Streetscape in Cobourg's downtown. Brimming with high energy entrepreneurs and a variety of all shops & services, restaurants & cafes. The Business and Shopping mecca 100 km to Toronto in a cosmopolitan downtown...just Steps to the shimmering and boat-filled Marina in summer, the Harbourfront Esplanade, Lakefront, Boardwalk for strolling & the coveted sandy Beach. VIA Station is 1blk. 401 close by. Convenient for commuters. Set amongst Key Anchor Tenants: Banks, Financial & Professional Services, Victoria Hall, Art Gallery, Concert Hall, Restaurants, Cafes in the Business, Shopping, Entertainment & Tourist District. Unit A 1140 Sq Ft Pays $19,019/YR Base Rent + $11,289.72/YR TMI or Monthly Base Rent $1,584.91/m + $940.81 TMI/m (Condo Fee $541.04/m + Property Tax $399.77/m) + Heat/Utilities. Leased through 10/31/2026 Unit B 1120 Sq Ft Pays $31,764.12/YR Gross Lease or $2,647.01/m Gross Lease + Heat/Hydro. LL Pays only Unit B TMI $770.75 (Condo Fee $451.28/m & Property Tax $319.47/m) Unit B Leased through 11/30/2025 NOTE: (Condo fees cover: Water, Bldg. Insurance, Common Elements, Reserve fund, Property Mgmt.) Approx. 7% CAP RATE! **EXTRAS** Glass doors into shared, bright, vestibule entrance. Large display windows. Modern lighting. Laminate Flooring. Upgraded decor. High Ceilings. 2 R/In baths. Common area 3rd bath for Tenant B use. Back doors to common area hall/bathroom. (id:47351)
Property Details
| MLS® Number | X11824328 |
| Property Type | Retail |
| Community Name | Cobourg |
| Amenities Near By | Public Transit |
| Farm Type | Other |
Building
| Bathroom Total | 2 |
| Age | 16 To 30 Years |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Size Interior | 2,263 Ft2 |
| Type | Retail |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Zoning Description | Main Commercial |
https://www.realtor.ca/real-estate/27703378/ab-79-king-street-w-cobourg-cobourg
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April 18 2025 02:37:31
Central Lakes Association of REALTORS®
Century 21 All-Pro Realty (1993) Ltd.