Todd Smith, REALTOR®
[email protected]
416.731.8956 ON
506.927.0070 NB
902.989.2567 NS
131 King St E Cobourg, Ontario K9A 1L2
5714.46 sqft
Partially Air Conditioned
$1,349,888
Unlock the doors to a living legacy at 131 King St. East, Cobourg. Originally consecrated in 1956, this architectural masterpiece has been thoughtfully repurposed into four residences, each with unique character and modern conveniences. A comprehensive renovation in 2000 introduced contemporary amenities such as in-suite laundry, high-efficiency furnaces, and private entrances to each unit. Unit 1 is the crown jewel, boasting a sprawling loft suite with skylights and resplendent solid oak flooring. Meanwhile, Unit 2 is currently a chic studio, while downstairs, Unit 3 provides a sanctuary on the lower level. Unit 4 offers a cozy retreat with a private entrance and patio spaces. This property presents an unparalleled investment opportunity, generating an impressive net operating income of nearly $69,000 annually, yielding an enticing cap rate of 5.13%.**** EXTRAS **** Two of the four units are currently vacant, offering flexibility to inhabit or lease them immediately. major capital work has been completed. proper turnkey investment, ready to yield historical charm and a compelling return on investment. (id:54028)
Property Details
| MLS® Number | X7006072 |
| Property Type | Multi-family |
| Community Name | Cobourg |
Building
| Cooling Type | Partially Air Conditioned |
| Size Interior | 5714.46 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | 65.71 X 155.61 Ft ; See Survey In Data Room |
| Size Total Text | 65.71 X 155.61 Ft ; See Survey In Data Room |
https://www.realtor.ca/real-estate/26066099/131-king-st-e-cobourg-cobourg
Todd Smith
Sales Advocate
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September 18 2023 06:42:35
Toronto Real Estate Board
RE/MAX Gold Realty Inc.
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