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144 King Street W
Cobourg Northumberland K9A 2M5

$2,900,000 /For Sale
Commercial

Main Photo: 144 King Street W in Northumberland: Cobourg Commercial for sale : MLS®# X12338042
Photo 1: 144 King Street W in Northumberland: Cobourg Commercial for sale : MLS®# X12338042
Photo 2: 144 King Street W in Northumberland: Cobourg Commercial for sale : MLS®# X12338042
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12338042
Bus Major:
Apts - 6 To 12 Units
Exceptional fully renovated mixed-use 12-plex in the heart of Cobourg, Ontario. This turnkey property features 4 commercial units and 8 residential units, all with separate water and hydrometers, allowing tenants to pay their own utilities. Recent top-to-bottom upgrades ensure low maintenance and high appeal for current and potential tenants. Positioned in a desirable location, this property is a strong performer with exceptional income and low expenses. Additional revenue streams can be tapped from possible laundry and parking facilities. With Cobourg's growing market, this investment offers both immediate returns and future upside. Seize this rare opportunity to add a premier asset to your portfolio. Improvements include: new Mansard roof, fascia, all new pluming and electrical, all hydro and water meters separated, all new residential interior finishes and all new custom windows, with fire shutters on egress windows. Hundreds of thousands in upgrades! Please note that photos are from the prior listing - middle front commercial tenant is now Cobourg Fades. Some still photos and iGuide from prior to some residential tenants and central front commercial tenant moving in.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
13068 sq. ft. Acres
Total Area:
13,068 sq. ft.
Depth:
176'
Frontage:
72'8⅞"
Water supply:
Municipal
Zoning:
MC
Heating type:
Baseboard
Garage:
None
Possession Details:
IMMEDIATE
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$15,934.86 / 2025
Assessment:
$- / 2025
Cobourg
Cobourg
Northumberland
231.57/mo for HWTs
8 fridges, 8 stoves
Tenant Belongings
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Gross income:
$243,481
Net Income Before Debt:
$174,564
Expenses Actual/Estimated:
Actual
Heating Expenses:
$0
Hydro Expenses:
$1,200
Insurance Expenses:
$10,553.76
Management Expenses:
$19,440
Tax Expenses:
$15,934.86
Operating Expenses:
$64,058
Other Expenses:
$2,779
Water Expenses:
$0
Year Expenses:
2024285
Maintenace Expenses:
$12,150
Vacancy Allowance:
4860
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Aug 11, 2025
Original Price:
Previous Price:
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Data was last updated August 30, 2025 at 06:15 PM (UTC)
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