$699,000
Available - For Sale
Listing ID: X11824328
79 King St West , Unit A&B, Cobourg, K9A 2M4, Ontario
| 2 Excellent TENANTED Commercial Units with shared Entry Vestibule. Main Street Prime Storefront Location. Superb condition. 1 is 4 Offices w/ Reception area and 1 is large open Retail Gift Shop & Home Decor store. Beautifully finished contemporary spaces. Both have large Display Windows. Unit A Tenanted for 6 yrs has 4 Offices, Reception, 2 2-pce Baths R/in, Storage. Unit B is Beautiful Large Retail space. High Ceilings. Newer Flooring. You can purchase this turnkey Investment located in an in-demand, bustling Downtown Heritage Streetscape in Cobourg's downtown. Brimming with high energy entrepreneurs and a variety of all shops & services, restaurants & cafes. The Business and Shopping mecca 100 km to Toronto in a cosmopolitan downtown...just Steps to the shimmering and boat-filled Marina in summer, the Harbourfront Esplanade, Lakefront, Boardwalk for strolling & the coveted sandy Beach. VIA Station is 1blk. 401 close by. Convenient for commuters. Set amongst Key Anchor Tenants: Banks, Financial & Professional Services, Victoria Hall, Art Gallery, Concert Hall, Restaurants, Cafes in the Business, Shopping, Entertainment & Tourist District. Unit A Pays $19,019/YR Base Rent + $10,721.52/YR TMI or Monthly Base Rent $1,584.91/m + $893.46TMI/m (Condo Fee $493.69/m + Property Tax $399.77/m) + Heat/Utilities. Leased through 10/31/2026 Unit B Pays $31,764.12/YR Gross Lease or $2,647.01/m Gross Lease + Heat/Hydro. LL Pays only Unit B TMI (Condo Fee $436.42/m & Property Tax $319.47/m) Unit B Leased through 11/30/2025 NOTE: (Condo fees cover: Water, Bldg Insurance, Common Elements, Reserve fund, Property Mgmt.) Approx. 7.4 CAP RATE!!! |
| Extras: Glass doors into shared, bright, vestibule entrance. Large display windows. Modern lighting. Laminate Flooring. Upgraded decor. High Ceilings. 2 R/In baths. Common area 3rd bath for Tenant B use. Back doors to common area hall/bathroom. |
| Price | $699,000 |
| Taxes: | $8842.68 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 79 King St West , Unit A&B, Cobourg, K9A 2M4, Ontario |
| Apt/Unit: | A&B |
| Postal Code: | K9A 2M4 |
| Province/State: | Ontario |
| Directions/Cross Streets: | Third St/King St W |
| Category: | Commercial Condo |
| Use: | Other |
| Building Percentage: | N |
| Total Area: | 2263.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 1143 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 1120 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Approximatly Age: | 16-30 |
| Franchise: | N |
| Taxes Expense: | $8843 |
| Gross Income/Sales: | $61505 |
| Operating Expenses: | $9282 |
| Net Income Before Debt: | $52222 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | N |
| Washrooms: | 2 |
| Outside Storage: | N |
| Crane: | N |
| Heat Type: | Elec Forced Air |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | Sanitary |
| Water: | Municipal |
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| CENTURY 21 ALL-PRO REALTY (1993) LTD. |
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|
Arthur Sercan & Jenny Spanos
Sales Representative
Dir:
416-723-4688
Bus:
416-445-8855
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Northumberland |
| Municipality: | Cobourg |
| Neighbourhood: | Cobourg |
| Approximate Age: | 16-30 |
| Tax: | $8,842.68 |
| Maintenance Fee: | $11,161.32 |
| Baths: | 2 |
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