Great opportunity to buy in downtown Cobourg. Close to beach, 401, and right in the heart of Cobourg. Two apartments rented one bedroom apt $1750 plus water, heat, hydro, 2nd apartment is 2 floors, 2 bedrooms,$1275 per month plus water,heat and hydro, Office space on main floor currently rented $2718.36 with lease until Nov. 1 2024 Water paid by landlord for office, individually metered for heat and hydro. Tenants in apartments pay water. Town parking lot behind the building plus private parking space for tenants Part basement Repair needed for ground to 1st floor staircase at back of building **** EXTRAS **** Insurance costs $4579.68 through CommonWealth Water Bill for commercial unit is approx $25 per month New sump pump 2023, South Facing metal roof replacement , Second floor apt. electrical update and new washer dryer, new fridge
This exceptional commercial listing presents a lucrative opportunity for investors seeking a prime location with abundant tenant and customer parking. The main floor boasts a bright and open commercial space, perfect for various business endeavours. Featuring a spacious layout with a checkout area, bathroom facilities, and a back stock room complete with a secondary exit leading to the parking area, this space is ready to accommodate your entrepreneurial vision. The second level offers a charming apartment with a well-appointed kitchen, bright living area, bedroom and full bathroom. Positioned amidst the bustling downtown business community and steps to Cobourg Beach, this property offers unparalleled potential for income growth. Join the vibrant local scene and capitalize on the endless opportunities for success. Whether you are an aspiring entrepreneur or a seasoned investor, seize the chance to elevate your portfolio with this exceptional income-generating asset.
Legal Triplex Property Suitable for savvy Investors to maximize income potential. Zoned Developmentw/ many home business uses (See attachments for uses. Check w/ town for any potential variances tozoning) Tenants have privacy & direct entrances to each unit. Convenient to all amenities that makeCobourg appealing to live, work, play & invest. 98ft Wide lot has Privacy trees & good potential toadd additional units for more $$. Set-back from main arterial road w/ Circular Drive. Well-maintained. Solid tenancy. 1 lower unit Vacated & Professionally Renovated. Owner-occupy or set themarket rent & choose your own tenant. Located close to 401 for commuters, VIA Station, Buses Schools,Shopping & Downtown & the Beach & Marina all 2KM 6 Parking spots. Perfect starter investment forBuyers who wish to get into property ownership & enjoy income from 2 Apts to help offset mortgage.
INVESTMENT DREAM. A RARE CHANCE TO GET INTO OWNERSHIP. Vendor FINANCE Available for the right person! Perfect Live/Work Space &/or Income Property. Downtown Commercial/Residential Mixed-use Condo. 2 Units on 1 Level 2 Parking Spaces. Front Unit Commercial Storefront faces Main Street in Boutique Downtown. 2050 SqFt Former Spa/Salon & Retail w/ Big Storefront Windows, 5 Treatment Rms or Offices. Reception & Merchandise Area, 2Bath, 2 Steam Showers, 3 entrances. *Commercial Unit Currently vacant* Residential Condo is beside on Ground floor also and is 1495 Sq Ft 2Br +Den 2Bath w/ South Facing Patio Rented at $2700/Mo.Res Tenant on 2nd term of Month to Month lease pays $2700/m +Heat & Hydro Owner pays Res Taxes, Res Condo fee. Condo fee includes: Bldg Insur., Water, Common Elements, Reserve fund. Solid investment w/ approx. 5.4% Cap Rate (before debt service) once front Commercial is Tenanted. A Rare chance to invest w/ Financing Available from Vendor.
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