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#8 & 8b -79 King St W Cobourg, Ontario K9A 2M4

4 Bathroom 3589 sqft

Fully Air Conditioned

$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:47960)

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

Aerial

https://www.realtor.ca/real-estate/25772493/8-8b-79-king-st-w-cobourg-cobourg

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Last Updated
October 30 2023 06:47:21

Data Provider
Durham Region Association of REALTORS®

Listing Office
Century 21 All-Pro Realty (1993) Ltd.

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