40
See all 40 photos
$1,899,000
Est. payment /mo
5 BA
8,022 SqFt
Active
40 King ST W Cobourg, ON K9A 2M1
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UPDATED:
12/14/2024 06:45 PM
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 8,022 sqft
Price per Sqft $236
MLS Listing ID X11888354
Annual Tax Amount $13,794
Tax Year 2024
Property Description
A meticulously renovated 4-story historic brick building, dating back to the 1870s, presenting an exceptional investment for a residential, commercial mixed-use building. Located just steps from the beach, marina, & VIA station, only 100 km from Toronto, this investment property offers both charm & modern convenience in excellent condition. Renovated with high-end custom craftsmanship & designer finishes, including Canadian maple hardwood floors, vaulted ceilings, contemporary kitchen & bathrooms, built-in cabinetry, & stylish barn slider doors, it is a fabulous find. Arched windows flood the space with natural light on two floors & offer quaint views of a vibrant downtown heritage streetscape. 4 Entrances on King St plus a back Entrance & a lift elevator. On the first floor, a retail clothing store generates income & includes large display windows, an outdoor display area, & a finished basement with staff rooms, storage, & two 2-piece baths. The second floor is currently used as a studio & warehouse & could easily be converted into another living space or offices. It includes a 3-piece bath & two large rooms. On the 3rd floor a Northside living room enjoys glass doors leading to an 800 sq ft rooftop terrace, perfect for relaxing or entertaining & includes a guest BR & stunning 4-piece bath. Above a large 4th floor Primary BR Suite features a laundry/bath combo & walk-in closet. Bonus of 4 parking spaces & backing onto a public parking lot. The business is also available for sale, providing a unique live-work opportunity. Option for the buyer to buy & run the business or the current owner may rent the commercial space from the Buyer. Modern heat/cool pump on upper floors & gas furnace a/c on main floor. This is a rare gem in the heart of downtown close to the VIA Station (100km to Toronto) Just steps to the beach, marina & harbourfront tourist area. A smart acquisition for income or Live-Work space with significant growth potential.
Location
Province ON
County Northumberland
Community Cobourg
Area Northumberland
Region Cobourg
City Region Cobourg
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Others
Security Features No
Listed by CENTURY 21 ALL-PRO REALTY (1993) LTD.
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