Cobourg, ON K9A 2M4,79 King ST W #A&B
Cobourg, ON K9A 2M4,79 King ST W #A&B
Cobourg, ON K9A 2M4,79 King ST W #A&B
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$699,000
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2 BA
2,263 SqFt
Active

79 King ST W #A&B Cobourg, ON K9A 2M4

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UPDATED:

12/04/2024 03:03 AM

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 2,263 sqft

Price per Sqft $308

MLS Listing ID X11824328

Condo Fees $930

Annual Tax Amount $8,842

Tax Year 2024

Property Description

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!

Location

Province ON

County Northumberland

Community Cobourg

Area Northumberland

Region Cobourg

City Region Cobourg

Interior

Cooling Yes

Exterior

Community Features Public Transit

Utilities Available Available

Others

Security Features No


Listed by CENTURY 21 ALL-PRO REALTY (1993) LTD.

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Kathy Christofi

Agent | License ID: 4800105

+1(416) 995-6562

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79 King ST W #A&B