$1,299,000
Available - For Sale
Listing ID: X10433227
39 King Street West , Cobourg, K9A 2M1, Northumberland
| Fantastic new price! A 6% Cap Rate on this Excellent condition Freehold, Mixed-Use Commercial/Residential 3FL Apt. Bldg. Prime Downtown Location 100 km to Toronto. TURNKEY INCOME. Commercial Unit Main Floor LEASED for 3 YR Term + 3 long-term Tenanted Residential Income Apts. Mn Fl was owner-operated Salon for 22 Years. Currently a vibrant Retail Clothing & Specialty items Tenant. Buy it & enjoy the benefits of monthly cash flow & solid income with no updates needed. Historic Character & Well-Updated Building. 3 Res Apts. Tenanted on 2nd & 3rd FL w/Sep. Front Door entrance. Overlooks boutique tourist & shopping district. Main Floor Commercial has Beautiful big Storefront Display Windows Treatment room, formerly had hair stations (plumbing was capped for new retail Tenant but remains Roughed in) plus a large merch & reception area. 4 Entrances. Basement & Main Floor both have Walkouts to 3 parking spots in back. Great for Shipping/receiving. 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 is now a Print Shop for Tenant & includes an 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, 3 Parking Spots. Potential for back patio. Plans available. Brick building w/ character in great condition. Tenant leases for review with offer in place. Ask for Income & Expenses worksheet. |
| Price | $1,299,000 |
| Minimum Rental Term: | 36 |
| Maximum Rental Term: | 60 |
| Taxes: | $8916.00 |
| Tax Type: | Annual |
| Occupancy: | Partial |
| Address: | 39 King Street West , Cobourg, K9A 2M1, Northumberland |
| Postal Code: | K9A 2M1 |
| Province/State: | Northumberland |
| Lot Size: | 22.26 x 115.60 (Feet) |
| Directions/Cross Streets: | Second Street/King St W |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 4390.00 |
| Total Area Code: | Square Feet |
| 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: | No |
| Washrooms: | 5 |
| Crane: | F |
| Clear Height Feet: | 6 |
| Truck Level Shipping Doors #: | 1 |
| Grade Level Shipping Doors #: | 1 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| CENTURY 21 ALL-PRO REALTY (1993) LTD. |
|
|
Gaurang Shah
Licenced Realtor
Dir:
416-841-0587
Bus:
905-458-1123
| Virtual Tour | Book Showing | Email a Friend |
Jump To:
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: | 5 |
| Fireplace: | N |
Locatin Map:
Payment Calculator:
