8 & 8b – 79 King Street W, Cobourg, Ontario K9A 2M4 (26376427)


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8 & 8b - 79 King Street W Cobourg, Ontario K9A 2M4

4 Bathroom 3589 sqft
Fully Air Conditioned Forced Air

$799,000

INVESTMENT DREAM. A RARE CHANCE TO GET INTO OWNERSHIP. Vendor FINANCE Available for the right person! Perfect Live/Work Space &/or Income Property. Downtown Commercial/Residential Mixed-use Condo. 2 Units on 1 Level 2 Parking Spaces. Front Unit Commercial Storefront faces Main Street in Boutique Downtown. 2050 SqFt Former Spa/Salon & Retail w/ Big Storefront Windows, 5 Treatment Rms or Offices. Reception & Merchandise Area, 2Bath, 2 Steam Showers, 3 entrances. *Commercial Unit Currently vacant* Residential Condo is beside on Ground floor also and is 1495 Sq Ft 2Br +Den 2Bath w/ South Facing Patio Rented at $2700/Mo.Res Tenant on 2nd term of Month to Month lease pays $2700/m +Heat & Hydro Owner pays Res Taxes, Res Condo fee. Condo fee includes: Bldg Insur., Water, Common Elements, Reserve fund. Solid investment w/ approx. 5.4% Cap Rate (before debt service) once front Commercial is Tenanted. A Rare chance to invest w/ Financing Available from Vendor. **** EXTRAS **** Comm Unit: Exposed Brick Wall, Artisan Trim, Tile, Kitchenette. Res Unit: Wood Lam flooring. Glass block. SS Appls. Ensuite Bath w/ Sep Shower/Tub.Walk-In closet. Fr Drs to Patio. Stackable front load washer dryer. (id:54488)

Property Details

MLS® Number X7370540
Property Type Retail
Community Name Cobourg
Amenities Near By Public Transit, Recreation
Parking Space Total 2

Building

Bathroom Total 4
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 3589 Sqft
Size Interior 3589 Sqft
Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Recreation
Sewer Sanitary Sewer

https://www.realtor.ca/real-estate/26376427/8-8b-79-king-street-w-cobourg-cobourg

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