131 King St E Cobourg, Ontario K9A 1L2

5714.46 sqft
Partially Air Conditioned


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


Cooling Type Partially Air Conditioned
Size Interior 5714.46 Sqft
Type Multi-family
Utility Water Municipal Water


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


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