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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

9 Beds

6 Baths

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Est. payment | -/mo

Save Virtual Tour

9 Beds

6 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Cobourg

MLS Listing ID X13019912

Style 2-Storey

Bedrooms 9

Annual Tax Amount $8,033

Tax Year 2025

Property Sub-Type Detached

Property Description

Rare opportunity to acquire a well-maintained 6-unit multi-residential asset in the heart of Cobourg-an ideal entry point for investors looking to step into commercial real estate with confidence. Situated on a generous 66 x 190 ft lot, this property offers ample on-site parking and strong curb appeal, supporting long-term tenant retention and ease of management. The building features over 5,000 sq ft of (above and below grade) finished space as per MPAC, with a unit mix that has consistently delivered stable income. This building consists of 3 two-bedroom units, 2 one-bedroom units, and one bachelor unit. Current tenants are reliable, pay on time, and take pride in their homes-an often overlooked but critical component of a successful investment. Two units have been recently updated, offering a blend of improved rental potential and future upside. As tenancies turn over, there is clear opportunity to bring rents to market levels, strengthening overall cash flow and increasing long-term asset value. The property has been well cared for, creating a low-maintenance profile for an incoming investor. Located in a desirable area of Cobourg, close to amenities, transit, and the waterfront, this asset benefits from strong rental demand and long-term growth fundamentals. Whether you're expanding your portfolio or acquiring your first multi-unit property, this is a strategic opportunity to secure a stable, income-producing asset with built-in upside in ahigh-demand market. Currently the property is professionally managed - management company is willing to continue to manage for 8% with 3 months free (effective 6% for the first year).

Location

Province ON

County Northumberland

Area Northumberland

Rooms

Family Room No

Basement Apartment, Finished

Kitchen 6

Separate Den/Office 3

Interior

Interior Features None

Cooling None

Inclusions 6 fridges, 6 stoves

Exterior

Parking Features Private

Pool None

Roof Type Flat

Lot Frontage 66.0

Lot Depth 190.0

Total Parking Spaces 6

Building

Foundation Block

Others

Senior Community No

ParcelsYN No

Virtual Tour https://player.vimeo.com/video/1184093908

Listed by RE/MAX Jazz INC.

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238 James ST E Cobourg, ON K9A 1H7