234 King Street E, Cobourg, ON K9A 1L6

$985,000
: 6
BD
: 3
BA
: 1,500
SqFt

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List Price: $985,000
MLS#: X12479081
Status: ACTIVE
Type: Multifamily
SubType: Triplex
Style: 2-Storey
Bedrooms: 6
Bathrooms: 3
Living Area: 1500-2000
Province: ON
Municipality: Cobourg
Area: Northumberland
Neighborhood: Cobourg
Subdivision: King St East & D'Arcy St

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Property Description

Discover the perfect addition to your portfolio with this beautifully maintained triplex, ideally located just a short stroll from Cobourg's renowned beach, vibrant downtown, picturesque parks, and popular restaurants.This property features three charming two-bedroom apartments, each designed for comfort and character, with original hardwood flooring adding timeless appeal. Fully tenanted, this is a true turnkey investment offering immediate and consistent rental income. Recent updates provide added peace of mind, including new water and sewer lines completed in 2024. With ample parking and R5 zoning, the property also presents exciting potential for future growth and development.The main-floor apartment currently rents for $2,000 per month, the lower unit rents for $1,150 per month, and the upper unit rents for $1,900 per month. Don't miss your chance to secure a prime Cobourg investment that combines strong income, long-term potential, and an unbeatable location.

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Additional Information

Taxes: $4,236
Heat Type: Radiant
Heat Source: Gas
Air Conditioning: Wall Unit(s)
Kitchens: 3
Exterior: Brick
Garage Type: None
Pool: None
Parking Spaces: 7
Parking Type: Available