234 King Street East

Cobourg, ONMulti-family
$985,000
MLS® X12479081
Multi-family6 beds3 baths7 total
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About This Property

Discover the perfect addition to your portfolio with this beautifully maintained triplex, ideally located just a short stroll from Cobourg's renowned beach, vibrant downtown, picturesque parks, and popular restaurants.This property features three charming two-bedroom apartments, each designed for comfort and character, with original hardwood flooring adding timeless appeal. Fully tenanted, this is a true turnkey investment offering immediate and consistent rental income. Recent updates provide added peace of mind, including new water and sewer lines completed in 2024. With ample parking and R5 zoning, the property also presents exciting potential for future growth and development.The main-floor apartment currently rents for $2,000 per month, the lower unit rents for $1,150 per month, and the upper unit rents for $1,900 per month. Don't miss your chance to secure a prime Cobourg investment that combines strong income, long-term potential, and an unbeatable location. (id:63604)

Key Facts

Type
Multi-family
Beds
6
Baths
3
Size
1,500 sqft
Lot
45 x 196 FT
Parking
7 total

Highlights

  • Refrigerator
  • Water meter
  • Stove
Property Details 17 details
Bedrooms
6 bedrooms
4 above grade + 2 below grade
Bathrooms
3 bathrooms
Parking
7 parking spaces
No Garage
Living area
1,500 - 2,000 sq. ft.
Property
Multi-family · Attached
Property subtype
Multi-family
Structure type
Triplex
Attached status
Attached
Storeys
2
Basement
Finished, Full
Heating
Radiant heat, Natural gas
Cooling
Wall unit
Fireplace
No
Lot dimensions
45 x 196 FT
Frontage
45 feet
Taxes
$4,236.71
Zoning
R5
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

RefrigeratorWater meterStove

Exterior features

BrickBlock

Lot and water

Flat siteSump Pump

Virtual Tour & Media

Mortgage & Affordability Estimate monthly costs
Purchase price$985,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Cobourg
City
Cobourg
Postal code
K9A 1L6
Nearby
Cross Streets: King St East & D'Arcy St. ** Directions: See GPS.