#8 & 8b -79 King St W Cobourg, Ontario K9A 2M4
$799,000
INVESTOR'S DREAM!! Vendor FINANCE offering 7% IR w/ 25% down. Perfect Live/Work Space & Income property in Downtown Commercial/Residential Mixed-use Condo. 2 Units on 1 Level (front & back) 2 Parking Spaces. Front is Commercial Storefront on Main Street in Boutique Downtown. 2050 Sq Ft Former Spa/Salon now Retail w/ Big Storefront Windows, 5 Treatment Rms/Prof./Med Offices. Reception & Merchandise Area, 2Bath, 2 Steam Showers, 3 entrances. Res. Condo in back is stylish1495 Sq Ft 2Br +Den 2Bath w/ South Facing Patio Rented at $2700/Mo. Income/Expenses Avail. Modern Character Bldg. Res Tenant on 2nd term of Month to Month lease pays $2700/m+Heat/Hydro. Comm Tenant on 5YR Lease pays $4047.31 (includes Base Rent+Condo Fee+Property Taxes +HST) Owner pays Res Taxes, Res Condo fee. Condo fee includes: Bldg Insur., Water, Common Elements, Reserve fund. Solid investment w/ approx. 4.8% Cap Rate (before debt service) Incredible chance to invest with Financing now Available from Vendor!**** EXTRAS **** Comm Unit: Exposed Brick Wall, Artisan Trim, Tilework. Residential Unit: Wood Laminate flooring. Glass block. SS Appliances. Primary Ensuite Bath w/ Sep Shower/Tub.Walk-In closet. Fr Drs to Patio. (Some photos from previous Spa tenant) (id:46324)
Property Details
| MLS® Number | X6624390 |
| 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 |
| 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/25772493/8-8b-79-king-st-w-cobourg-cobourg
Interested?
Contact us for more information
Denise Eileen Liboiron
Salesperson
www.deniseliboiron.com/
https://www.facebook.com/DeniseLiboironRealEstate/
https://twitter.com/DeniseLiboiron
https://www.linkedin.com/in/denise-liboiron-aaa4571a/
365 Westwood Drive Unit 5
Cobourg, Ontario K9A 4M5
(905) 372-3355
(905) 372-4626
www.century21.ca/allprorealty
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 05 2023 08:29:43
Durham Region Association of REALTORS®
Century 21 All-Pro Realty (1993) Ltd.