131 King Street, Cobourg, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Cobourg. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,179,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 5 Bathrooms with 4 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 64.93 x 148.92 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Separate Hydro Meter, Separate Heating Controls, Storage
- equipped with window unit(s) central cooling and highly efficient forced air heating via gas
Description
A special multi unit investment opportunity in the "heart" of downtown Cobourg, history transformed what once was an original Baptist Church constructed in 1956, peacefully tucked along King Street. Now a legal 4plex, this property offers a multitude of uses, whether you desire multi generational living, or utilized as an investment/income generating property it's all up to your imagination! Comprising two MAIN floor units, loft style, uniquely designed for an inviting and unique space that welcomes you immediately. Two LOWER units, one more expansive with seperate entrances for all 4 units, ample parking and all of the old world charm of this beautifully in tack full brick building. A lovely location for the consideration of possible short term rental, enjoy a short walk to the Cobourg Beach and Marina, parks, locate eateries, grocery market and all of the additional beauty of this location and all the history that surrounds. A must view to appreciate, this multi unit property feels much like the comforts of a traditional home and could easily accommodate something that suits your own families personal needs. Excellent revenue, additional details and property features available to prospective buyers, a great way to get a better understanding of all the opportunity that lives within this piece of Cobourg's history books!
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Property Summary
This fourplex located at 131 King Street, Cobourg is currently for sale and has been available on SousaSells for 4 days. This property is listed at $1,179,000 with an estimated mortgage of $3,924* per month. It has 6 beds, 5 bathrooms, and is 3500-5000 square feet. 131 King Street, Cobourg is in the Cobourg neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Library, Marina, Public Transit, Place Of Worship, School Bus Route
Interior Features
Separate Hydro Meter, Separate Heating Controls, Storage, In-Law Capability
Security Features
Smoke Detector, Carbon Monoxide Detectors
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 131 King Street E, Cobourg, ON K9A 1L2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cobourg, ON
For a property listed at $1,179,000 in Cobourg, the legal minimum down payment is $235,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $20,055 for this transaction. As this listing is in Cobourg (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,055.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.