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Mike Taylor

mike@ninemilerealty.ca +1(705) 985-1110

Est. payment | -/mo

5 Baths

4,390 SqFt

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Est. payment | -/mo

Save Virtual Tour

5 Baths

4,390 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 4,390 sqft

Subdivision Cobourg

MLS Listing ID X12641452

Annual Tax Amount $8,916

Tax Year 2025

Property Sub-Type Investment

Property Description

A rare opportunity to own a fully stabilized Main Street investment in a high-growth, lifestyle-driven market within easy reach of Toronto. Ideal for investors looking to diversify beyond the GTA, with minimal management while maintaining strong connectivity, dependable returns, & long-term capital appreciation. The well-maintained historic brick building offers enduring character paired with modern functionality & no capital improvements required. Positioned in the town's most desirable downtown district, the property benefits from strong year-round foot traffic, proximity to the Beach, Marina, & 1 Blk to VIA Rail station (1 hr to Toronto) or 401 (100 km to Toronto) A growing local economy supported by tourism & regional commuters & many households being added with new construction. Commercial Income: 1161 + 700 sq ft in LL of MN FL Retail space on 2nd Year of a 3-year lease. Longstanding retail location (formerly a salon for 22 years), now home to a successful clothing & specialty retailer. Bright storefront, large display windows, high ceilings, flexible open layout Roughed-in plumbing in place for future salon or service-based use. Full walkout basement generating additional utility with office space, storage, laundry hookups, & 2-piece bath. Residential Income: 2054 SQ FT upper floors. Three separately metered, long-term tenanted apartments accessed by Private Front entrance, ensuring clear separation from commercial operations. Investor-Friendly Features: 4 separate entrances for ease of access & tenant privacy Rear parking with 3 dedicated spaces plus nearby public parking. Potential value-add through rear expansion or deck/patio addition. Income & expense statements available. Turnkey Income. Cap Rate: 6% A rare chance to acquire a hands-off, stabilized asset in a destination market with strong fundamentals, consistent rental demand, and upside through future growth-all within a manageable drive or train ride from Toronto.

Location

Province ON

County Northumberland

Area Northumberland

Zoning MC

Interior

Cooling Yes

Inclusions Central A/C, Forced Air Gas Furnace. Hot Water Tank. Newer membrane roof on building, Furnace, Fire Retrofit 2024. 3 Parking Spots. Potential for patio. Salon washing stations Roughed-In (capped over). Brick building w/ character in great condition. Income & Expenses & Upgrades list available. Tenant leases for review with accepted offer.

Exterior

Utilities Available Yes

Lot Frontage 22.26

Lot Depth 115.6

Building

Building Age 100+

Others

Security Features No

ParcelsYN No

Virtual Tour https://listings.insideoutmedia.ca/sites/webgbvr/unbranded

Listed by CENTURY 21 UNITED REALTY INC.

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+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON L4M 3B4, CAN

39 King ST W Cobourg, ON K9A 2M1

Mike Taylor

Key Details

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Interior

Exterior

Building

Others

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