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9&11 King St E Cobourg, Ontario K9A 1K6

4500 sqft
Fully Air Conditioned

$799,000

Fantastic Opportunity To Invest In King St E Developing Location. Downtown Main Street Building Has Huge Potential. Live/Invest. Mixed-Use Commercial & Res Bldg Has 6+Spaces In Parking Area In Back, Accessed Via Rental Agreement Over Back Lane. May Be Able To Expand Bldg Into Parking Area For Added Units. Currently 2 Of 3 Commercial Units Tenanted By 1 Tenant. Other Commercial Unit 700 Sq Ft (Approx.) Is Vacant. You May Rent It Or Owner-Occupy Right Away! 2nd Fl Renovated Into 3 Large Separate Living Spaces W/ 3Kitchens 3Baths 6Brs 3Living Rms. Buyer Must Perform Due Diligence With Town Regarding All Intended Uses For Residence & Building. Mn Fl Has 3 Commercial Units W/ Great Tenant Who Occupies 2 Units @ Approx 2200 + Tmi. Seller Has Undertaken $100,000 In Updates: Roofing/Shingles, Plumbing, Wiring, Sep. Metres, Sep Heat. **Sold As Is****** EXTRAS **** 2 Units Rented To Existing Retail Boutique At 2200/M Gross Lease. 1 Lower Vacant Commercial Unit Can Rent For Approx. 1300-1400/M Gross. Upper Residences/Large Unit Previously Rented At $3000 Gross. Being Sold As Is. (id:41614)

Property Details

MLS® Number X5671966
Property Type Retail
Community Name Cobourg
Amenities Near By Public Transit, Recreation
Parking Space Total 6

Building

Cooling Type Fully Air Conditioned
Exterior Finish Concrete, Wood
Size Interior 4500 Sqft
Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Recreation
Sewer Sanitary Sewer
Size Irregular 52 X 165 Ft
Size Total Text 52 X 165 Ft

https://www.realtor.ca/real-estate/24582441/911-king-st-e-cobourg-cobourg

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