Commercial Real EstateCommercial Real Estate September 2, 2023

Live Work Mixed Use Res/Commercial Condos

Vendor Will Finance at 7% Interest with 25% Down! Incredible offer from the Seller to you!  AND NOW A BIG PRICE DROP!!!! $100,000 off the price
NOW LISTED AT $799,000  RARE CHANCE to buy this MIXED-USE BLDG with 2BR+DEN 2BATH RESIDENTIAL CONDO AND INCOME-GENERATING COMMERCIAL CONDO! It has Residential Unit in back facing south and Commercial Unit in the front facing King St W prime boutique and tourist district.
THIS OPPORTUNITY JUST KEEPS GETTING MORE ATTRACTIVE!! THE OWNER HAS PLANS AND WANTS TO LIQUIDATE THIS INVESTMENT NOW. THIS MEANS YOU HAVE A RARE CHANCE TO BE ABLE TO BUY INTO DOWNTOWN COBOURG IN A LIVE-WORK CONDO THAT IS EXTREMELY AFFORABLE INSPITE OF THE DIFFICULT MORTGAGE RATE AND APPROVAL ENVIRONMENT WE ARE CURRENTLY IN. THIS IS A MIXED-USE BLDG OFFERING A MAIN FLOOR BUNGALOW-STYLE 2BR plus Den 2Bath unit with a Sough Facing patio just STEPS TO THE BEACH IN THE HEART OF DOWNTOWN COBOURG PLUS AN INCOME-PRODUCING COMMERCIAL UNIT WITH A 5 YEAR LEASE TERM COMMERCIAL TENANT IN THE FRONT WITH BIG DISPLAY WINDOWS FACING KING ST W. THIS COMMERCIAL UNIT WILL HELP YOU PAY DOWN THE FINANCING.           

A Mixed-Use bldg of 2 Condos by the beach JUST 100 KM to Toronto! Invest now for your future use, or hold as long time investment. (You can also occupy the unit following all Landlord and Tenant Board protocols for owner occupancy.) SUCH A BIG OPPORTUNITY WITH A VENDOR TAKE BACK FINANCE BEING OFFERED!!

BUY THIS DOWNTOWN COMMERCIAL MIXED-USE RESIDENTIAL AND COMMERCIAL CONDO on the MAIN FLOOR of King St W with 2 PARKING SPACES in back. FULLY TENANTED! INCREDIBLE INVESTMENT OPTION! LONG TERM TENANTS IN PLACE.
Downtown Commercial/Residential Mixed-use Condo 2 Units on 1 Level (front & back) + 2 Parking Spaces. Front is Commercial Storefront on Main Street of Boutique Downtown. 2050 Sq Ft Former Spa/Salon now Retail w/ Big Storefront Windows, 5 Treatment Rms or Prof./Med Offices. Reception & Merchandise Area, 2Bath, 2 Steam Showers, 3 entrances. The Res. Condo in back is a stylish1495 Sq Ft 2Br 2Bath w/ South Facing Patio Rented at $2700/Mo. Income/Expenses Available. Modern Character Bldg. Perfect Live/Work Space or Income property. Res Tenant on 2nd renewal of 1 Yr Term pays $2700/m+Heat/Hydro. Comm Tenant on 5YR Term pays $4047.31 (includes Base Rent + Condo Fee + Property Taxes +HST) Owner pays only Residential Taxes & Res Condo fees. Condo fee includes: Bldg Insurance, Water, Common Elements, Reserve fund. Great cash flowing investment opportunity. Incredible chance to invest with Financing now Available from Vendor!**** EXTRAS **** Exposed Brick Wall, Artisan Trims & Tilework throughout Commercial unit. Residential Suite features Wood Laminate flooring. Glass block. SS Appliances. Large Primary Ensuite bath & Walk In closet. French Doors to Patio.
PHOTOS, FLOOR PLANS, DETAILS, INCOME AND EXPENSES ARE AVAILABLE FOR YOUR REVIEW.
CALL FOR MORE INFO! Square Footage: 3589 sq ft
79 KING ST W Units 8Commercial and 8B Residential
Cobourg, Ontario K9A2M4
MLS®X6624390 MLS®X6624422

AN INVESTOR’S DREAM. Vendor Will FINANCE! Downtown Commercial/Residential Mixed-use Condo 2 Units on 1 Level (front & back) + 2 Parking Spaces. Front is Commercial Storefront on Main Street of Boutique Downtown. 2050 Sq Ft Former Spa/Salon now Retail w/ Big Storefront Windows, 5 Treatment Rms or Prof./Med Offices. Reception & Merchandise Area, 2Bath, 2 Steam Showers, 3 entrances. The Res. Condo in back is a stylish1495 Sq Ft 2Br 2Bath w/ South Facing Patio Rented at $2700/Mo. Income/Expenses Available. Modern Character Bldg. Perfect Live/Work Space or Income property. Res Tenant on 2nd renewal of 1 Yr Term pays $2700/m+Heat/Hydro. Comm Tenant on 5YR Term pays $4047.31 (includes Base Rent + Condo Fee + Property Taxes +HST) Owner pays only Residential Taxes & Res Condo fees. Condo fee includes: Bldg Insurance, Water, Common Elements, Reserve fund. Great cash flowing investment opportunity. Incredible chance to invest with Financing now Available from Vendor!**** EXTRAS **** Exposed Brick Wall, Artisan Trims & Tilework throughout Commercial unit. Residential Suite features Wood Laminate flooring. Glass block. SS Appliances. Large Primary Ensuite bath & Walk In closet. French Doors to Patio.

Square Footage: 3589 sq ft
79 KING ST W Units 8Commercial and 8B Residential
Cobourg, Ontario K9A2M4
MLS#:X6624390 AND MLS#:X6624422