16
See all 16 photos
$1,290,000
Est. payment /mo
9 Beds
6 Baths
Price Dropped by $35K
238 James ST E Cobourg, ON K9A 1H7
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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
Fireplace No
Heat Source Gas
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
ParcelsYN No
Virtual Tour https://player.vimeo.com/video/1184093908
Listed by RE/MAX Jazz INC.
NEARBY SCHOOL & BUSINESS
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