131 KING Street
Cobourg, Ontario K9A1L2

Discover the epitome of versatile living at 131 King St. East, Cobourg. Originally consecrated in 1956, this architectural gem has been transformed into four distinctive residences, each offering modern comforts and unique character. A thorough 2000 renovation introduced amenities like in-suite laundry, high-efficiency furnaces, and private entrances. Unit 1 shines as the crown jewel, with a sprawling loft suite boasting skylights and exquisite solid oak flooring. Unit 2, a chic studio, invites customization, while Unit 3 provides a tranquil lower-level sanctuary. Unit 4 offers a cozy retreat with private entrance and patio. This property is an unmatched investment opportunity, yielding an impressive net operating income of nearly $69,000 annually and an enticing 5.13% cap rate. With two vacant units, the new owner can either reside in a spacious unit and lease out the others at market rates. Major capital work is complete, ensuring a seamless transition for the discerning investor. This is the epitome of a turnkey investment, offering both historical allure and a promising return. Whether you seek a home where rental income offsets your mortgage or a multigenerational haven for your extended family, 131 King St. East is poised to be the cornerstone of your financial success and personal fulfillment. Don't miss out on this rare chance to own a piece of Cobourg's history reimagined for modern living. (44991784)

KING ST E TO 131 KING ST E