9&11 King St E Cobourg, Ontario K9A 1K6
$799,000
Fantastic Opportunity To Invest In King St E Developing Location. Downtown Main Street Building Has Huge Potential. Live/Invest. Mixed-Use Commercial & Res Bldg Has 6+Spaces In Parking Area In Back, Accessed Via Rental Agreement Over Back Lane. May Be Able To Expand Bldg Into Parking Area For Added Units. Currently 2 Of 3 Commercial Units Tenanted By 1 Tenant. Other Commercial Unit 700 Sq Ft (Approx.) Is Vacant. You May Rent It Or Owner-Occupy Right Away! 2nd Fl Renovated Into 3 Large Separate Living Spaces W/ 3Kitchens 3Baths 6Brs 3Living Rms. Buyer Must Perform Due Diligence With Town Regarding All Intended Uses For Residence & Building. Mn Fl Has 3 Commercial Units W/ Great Tenant Who Occupies 2 Units @ Approx 2200 + Tmi. Seller Has Undertaken $100,000 In Updates: Roofing/Shingles, Plumbing, Wiring, Sep. Metres, Sep Heat. **Sold As Is****** EXTRAS **** 2 Units Rented To Existing Retail Boutique At 2200/M Gross Lease. 1 Lower Vacant Commercial Unit Can Rent For Approx. 1300-1400/M Gross. Upper Residences/Large Unit Previously Rented At $3000 Gross. Being Sold As Is. (id:47723)
Property Details
| MLS® Number | X5671966 |
| Property Type | Retail |
| Community Name | Cobourg |
| Amenities Near By | Public Transit, Recreation |
| Parking Space Total | 6 |
Building
| Cooling Type | Fully Air Conditioned |
| Exterior Finish | Concrete, Wood |
| Size Interior | 4500 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation |
| Sewer | Sanitary Sewer |
| Size Irregular | 52 X 165 Ft |
| Size Total Text | 52 X 165 Ft |
https://www.realtor.ca/real-estate/24582441/911-king-st-e-cobourg-cobourg
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June 23 2022 06:52:17
Northumberland Hills Association of REALTORS®
Century 21 All-Pro Realty (1993) Ltd.