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Tyler Verheul

tyler@tylervproperties.ca +1(613) 797-0208

$988,000

Est. payment - /mo

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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision Cobourg

MLS Listing ID X13166864

Annual Tax Amount $13,023

Tax Year 2026

Property Sub-Type Commercial Retail

Property Description

AMAZING INVESTEMENT OPPORTUNITY FOR INVESTORS AND END USER!! Excellent investment and lifestyle opportunity in the heart of downtown Cobourg. This solid brick semi-detached building offers a strong mixed-use configuration featuring a fully operating restaurant on the main level and two spacious residential apartments on the second floor each with a view of the lake. The main floor restaurant has been recently upgraded and is well maintained, with a proven history of successful operation. It includes an inviting layout and an outstanding patio area that has become a popular destination for patrons over the years. The second level consists of two large residential apartments, both well proportioned and suited for long-term tenants. The property is fully tenanted, with the restaurant paying approximately $6,250/month including HST, and each residential unit renting for approximately $1,100/month, providing stable and consistent income. Situated in Cobourg's vibrant downtown, the property benefits from steady pedestrian activity, local amenities, and year-round appeal from both tourists and residents. The location is enhanced by its proximity to the waterfront, with the popular marina and Cobourg Beach just a short walk away, drawing significant seasonal and weekend traffic. The building is well maintained throughout and includes a full basement. Existing tenants would be happy to remain, providing a seamless investment transition, or vacant possession can be arranged for an owner-operator. A rare opportunity to acquire a well-performing mixed-use asset in one of Cobourg's most desirable and high-traffic downtown locations.

Location

Province ON

County Northumberland

Area Northumberland

Zoning MC - Main Central Commercial

Interior

Cooling Partial

Inclusions Each apartment contributes $50/month for water to restaurant. Separate Electric meters for all Tenants. One gas meter for the restaurant. One gas meter for the Apartments - paid the by the Landlord. Landlord pays property Tax. Complete new roof about 2021. Two gas furnaces, one is New 2025 servicing restaurant . New Kitchen exhaust system and make up air unit both 2025.

Exterior

Parking Features None

Utilities Available Yes

Building

Lot Description Building

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Lited by REAL BROKER ONTARIO LTD.

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31 King ST E Cobourg, ON K9A 1K6