Incredible investment opportunity in the heart of downtown Cobourg! 5.6% Cap rate, Rare opportunity to own a prime piece of real estate within walking distance to Cobourg Beach & Victoria Park. 2 x 1 Bedroom units, 1 x 2 Bedroom unit & 1 Commercial Space. Roof re-shingled in 2017, Onsite parking for up to 4 vehicles, Tenants pay their own Hydro. The convenient central location allows for easy access to downtown shops/restaurants, the beach, local transit and the VIA rail station.
Extras
Current Rents: Unit 1A pays $848.72, Unit 1B pays $1,900 monthly, Unit 2A pays $1,700 & Unit 2B pays $1,800.
PT LT 5 BLK A PL CADDY (FORMERLY LT 16 CON B HAMILTON) COBOURG PT 1 & 3, 39R1016; COBOURG
Occupancy
Tenant
Possession Date
TBA
Taxes (2023)
$10,060
Tax Type
Annual
Directions/Cross Streets
Division St. & King St. E.
Neighbourhood
Cobourg
Area
Northumberland
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
N
Lot
33 x 165 ft
Lot Irregularities
33' X 165'
Total Area
2,500 ft2
Air Conditioning
Part
Garage Type
Outside/Surface
Amps
100
Heat Type
Baseboard
Financial Statement
N
Gross Income/Sales
$74,985
Hydro Expense
$5,104
Water Expense
$2,070
Heat Expenses
$866
Insurance Expense
$5,235
Taxes Expense
$10,060
Year Expenses
$2,023
Expenses Actual/Estimated
Est
Utilities
A
Water
Municipal
Lot/Bldg/Unit Code
Lot
Zoning
Comm/Res
Seller Property Info Statement
N
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