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39 King Street W
Cobourg Northumberland K9A 2M1

$1,400,000 /For Sale
Commercial

Main Photo: 39 King Street W in Northumberland: Cobourg Property for sale : MLS®# X10433227
Photo 1: 39 King Street W in Northumberland: Cobourg Property for sale : MLS®# X10433227
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X10433227
Bus Major:
Apts-2 To 5 Units
Sought After Freehold, Mixed-Use Comm/Res 3FL Apt. Bldg. in Prime Downtown Location. Commercial for your own business + 3 Residential Income Apts. OR set the rent for the Main Fl commercial & Rent out when you buy. (Commercial is currently on market for lease. May be rented TBD) Great Investment. Historic Character + Well-Updated & in good shape. 3 Res Apts. Tenanted on 2nd & 3rd FL w/Sep. Front Door entrance. Overlooks boutique tourist & shopping district. Mn Flr Retail was successful Salon, Owner-operated & well-maintained for 22 Years! Beautiful big Storefront Display Windows Treatment room, hair stations, large merch & reception area. 4 Entrances. Basement & Main Floor both have Walkouts to 3 parking spots in back. Great for Shipping/receiving or a Potential Patio space for Restaurant? Public Parking behind, Steps to the Marina, Yacht Club, Beach, Park, Esplanade & Boardwalk. Adjacent to gorgeous Victoria Hall, Art Gallery & Concert Hall. Large Banner signage area in front & back. Plenty of natural light, high ceilings, laminate & tile flooring. Basement used for office, laundry hookups, 2pce Bath, Storage. Invest for Success in coveted Prime location near Victoria Hall. VIA 1Blk ~ 100km to Toronto
Property Type:
Commercial
Commercial Type:
Investment
Approx. Age:
100+
Depth:
115'7"
Frontage:
22'3⅛"
Total Area:
4,390 sq. ft.
Office/Apt Area:
2,054 sq. ft.
Retail Area:
1,161 sq. ft.
Bathrooms:
5.0
Zoning:
MC
Heating type:
Gas Forced Air Closd
Basement:
Full
Garage:
None
Total Parking Spaces:
3
Possession Details:
TBD/Immediate
Taxes:
$8,916 / 2024
Assessment:
$- / -
Cobourg
Newer membrane roof on building, 3 Parking Spots. Potential for patio. Salon washing stations Plumbed-In. Can remove. Brick building w/ character in great condition. Buyer can occupy Commercial if not leased yet! Tenant leases for review.
Utilities:
Y
Water supply:
Municipal
Sewer:
San+Storm
Seller Property Info Statement:
No
Air Conditioning:
Y
Amperage:
200
Number of Grade Level Shipping Doors:
1
Number of Truck Level Shipping Doors:
1
Crane:
No
Clear Height:
6'
Log/Bldg/Unit Code:
Lot
Maximum Rental Term:
60
Minimum Rental Term:
36
Sprinklers:
No
Type Taxes:
Annual
Category:
Apartment
Major Business Type:
Apts-2 To 5 Units
Freestanding:
Yes
Gross income:
$103,200
Expenses Actual/Estimated:
Estimated
Heating Expenses:
1440
Insurance Expenses:
7430
Other Expenses:
$600
Tax Expenses:
$8,916
Water Expenses:
$3,240
Net Income Before Debt:
$81,574
Date Listed:
Nov 21, 2024
Original Price:
Previous Price:
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Listed by CENTURY 21 ALL-PRO REALTY (1993) LTD.
Data was last updated December 26, 2024 at 03:55 PM (UTC)
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