2-19 King Street, Cobourg, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Cobourg. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $748,000 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.
- 0 Bedrooms and 1 Bathroom
- Premium 31.75 x 90.26 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Fantastic opportunity to open your own business in beautiful historic downtown Cobourg. The ground floor commercial storefront is available with vacant possession, no leases in place and ready for you to start selling immediately. Why lease a store when you can buy one instead. Owning real estate is the optimal choice!! This beautifully renovated end unit comes with 2 parking spaces at the back of the building. Be part of this vibrant Lakeside neighbourhood. Perfectly located with easy access to the 401, and mere steps from Cobourg's gorgeous beach and Farmers Markets in the Park. Close to stylish restaurants, cafe's and one-of-a-kind boutiques.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2-19 King Street W, Cobourg, ON K9A 2M1
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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 $748,000 in Cobourg, the legal minimum down payment is $49,800 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 $11,435 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 $11,435.
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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.