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Chris Barazandeh

chris.barazandeh@theagencyre.com +1(416) 859-9125

$ 1,299,000

Est. payment | -/mo

5 Baths

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$ 1,299,000

Est. payment | -/mo

Save Virtual Tour

5 Baths

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

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.

39 King ST W Cobourg, ON K9A 2M1

Chris Barazandeh

Key Details

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Interior

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