21 & 23 King Street, Cobourg, ON
Property Highlights
Welcome to this remarkable investment 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 $1,100,000 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.
- 9 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Premium 40.95 x 165 ft lot size
- equipped with no central cooling and highly efficient gas forced air closed heating via gas
Description
10.23% CAP RATE. EXCEPTIONAL DOWNTOWN INVESTMENT OPPORTUNITY! 5,760 Sq Ft Brick, 14-bedroom 4 Kitchen 4 Bath Boarding/Rooming House configured across 2 substantial semi-detached Historic Residences in a sought-after Lake Ontario heritage downtown. A compelling income property offering investors strong cash flow today PLUS intriguing future potential. Continue the established income-producing use or explore opportunities to revamp and reposition these 2 historic residences. Potential concepts may include a boutique hotel/inn, mixed-use commercial/residential, live/work spaces, private residence townhomes or traditional rental units (subject to zoning, municipal & other required approvals.) The property zoning is MC with Exception & benefits from a legally protected non-conforming status related to its historic use, offering Buyers the option to investigate future possibilities for commercial &/or residential use - or simply continue the existing use. Superb LOCATION!!! Situated in a vibrant historic tourist & destination downtown on the shores of Lake Ontario, close to the Beach, Waterfront, Marina, Parks, Boardwalk, shops, restaurants & amenities. Character details throughout. Orig Banister Staircase, Wood Flooring, High Ceilings, Pocket Doors, Crown Molding, Covered front Porch. Approx. 100 km from Toronto with VIA Rail service in town & Hwy 401 nearby. 2 Furnaces with Gas-fired boiler heat. Tenant rents currently all-inclusive. Income & Expense Statement + Floor Plans available. A rare opportunity combining immediate income, approx. 10.5% cap rate, 5,760 Sq Ft, established legal use & future repositioning potential in an exceptional downtown location 100KM to Toronto and steps to the lakefront. Gross Income: $14,000/M | $168,000/Yr. Expenses: $4,313.42/M | $55,361/Yr. Net Income: $9,686.58/M | $116,238.96/Yr. Approx. 10.23% CAP RATE at current list price, based on Seller-provided income & expenses. Phase 1 ESA available for review. 2 Brick Homes 2850 Sqft Each.
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Property Summary
This investment located at 21 & 23 King Street, Cobourg is currently for sale and has been available on SousaSells for 0 days. This property is listed at $1,100,000 with an estimated mortgage of $3,661* per month. It has 9 beds, 4 bathrooms, and is unknown square feet. 21 & 23 King Street, Cobourg is in the Cobourg neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 9 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Cobourg, Cobourg.
- •9 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •Desirable Investment architecture in Cobourg, Cobourg
Growing families needing multi-bedroom flexibility and space in Cobourg, Cobourg.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
- No
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Cobourg?
If you are looking for a house in Cobourg or researching Cobourg real estate for sale, this 9-bedroom investment at 21 & 23 King Street, Cobourg, ON offers an exceptional opportunity to buy a home in Cobourg, Ontario. Whether you are a first-time Cobourg home buyer or comparing active Cobourg MLS® homes for sale, working with a dedicated Cobourg buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Cobourg Buyer Budget & Costs
Estimated mortgage: $3,661*/month*. Estimated Ontario Land Transfer Tax: $18,475. First-time Cobourg home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Cobourg
Frequently Asked Questions about 21 & 23 King Street, Cobourg, ON
Q.What is the asking price for 21 & 23 King Street, Cobourg, ON ?
The current listing price for 21 & 23 King Street, Cobourg, ON in Cobourg, Cobourg is $1,100,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 9 bedrooms and 4 bathrooms.
Q.What property type and architectural style is 21 & 23 King Street, Cobourg, ON ?
21 & 23 King Street, Cobourg, ON is a Investment () featuring a basement.
Q.What security features are installed at 21 & 23 King Street, Cobourg, ON ?
Security features include: No.
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via No.
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Open in Google MapsNeighborhood Safety & Crime Analytics
Cobourg, Cobourg
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 21 & 23 King Street E, Cobourg, ON K9A 1K6
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 $1,100,000 in Cobourg, the legal minimum down payment is $220,000 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 $18,475 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 $18,475.
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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.
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