Cobourg Apartment Buildings for Sale

Multifamily in Cobourg available for sale

Cobourg Apartment Building for Sale

131 King St E

Cobourg, ON K9A 1L2

Multifamily for Sale
$1,179,000 CAD
5,714 SF

Cobourg Multifamily for Sale - Eastern GGH

131 King Street East presents a unique opportunity in the heart of downtown Cobourg. Originally built as a Baptist church in 1956, this historically significant structure has been thoughtfully repurposed into a legal fourplex, blending old-world character with modern functionality. The property consists of two loft-style main-level units and two lower-level units, each self-contained with separate entrances, offering flexibility for investors or multi-generational living. The building boasts a full-brick exterior and classic architectural features, complemented by updated paint and finishes throughout. With a generous lot that includes rare on-site parking for up to six vehicles, this investment property provides convenience while maintaining charm. Located within walking distance to Cobourg Beach, the marina, shops, cafes, and amenities, the property offers strong short-term rental potential or stable long-term income. Ideal for buyers seeking a character asset with steady revenue or redevelopment prospects, this address delivers prime positioning in a vibrant and historic lakeside community.

Contact:

Re/max Gold Realty Inc., Brokerage

Property Subtype:

Apartment

Date on Market:

2024-09-27

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Apartment Buildings for Sale in Cobourg

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How many apartment buildings are available for sale in Cobourg?

There are currently 1 apartment buildings available for sale in Cobourg, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in Cobourg?

The average size of apartment buildings available for sale in Cobourg is about 5,714 SF. The largest apartment buildings available to buy is 5,714 SF and the smallest is 5,714 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for apartment buildings in Cobourg?

The average market cap rate for apartment buildings for sale is about 5.13% based on data provided in Cobourg. Learn more about how cap rates are calculated.

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Apartment Building for Sale in Cobourg