131 KING Street E
Cobourg, Ontario K9A1L2

Unlock the doors to a living legacy at 131 King St. East, Cobourg. Originally consecrated in 1956, this architectural masterpiece has been thoughtfully repurposed into four residences, each with unique character and modern conveniences. A comprehensive renovation in 2000 introduced contemporary amenities such as in-suite laundry, high-efficiency furnaces, and private entrances to each unit. See Floor plans to walk through the space. Unit 1 is the crown jewel, boasting a sprawling loft suite with skylights and resplendent solid oak flooring. Meanwhile, Unit 2, currently a chic studio, offers boundless potential for customization. Downstairs, Unit 3 provides a sanctuary on the lower level, while Unit 4 offers a cozy retreat, complete with a private entrance and patio spaces. This property presents an unparalleled investment opportunity, generating an impressive net operating income of nearly $69,000 annually, yielding an enticing cap rate of 5.13%. What's more, two of the four units are currently vacant, offering the new owner the flexibility to either inhabit these spaces or lease them at market rates immediately. All major capital work has been meticulously completed, ensuring a seamless transition for the discerning investor. This is a proper turnkey investment, ready to yield historical charm and a compelling return on investment. Whether you're looking to invest or reside in this remarkable property, 131 King St. East is poised to be a cornerstone of your financial success and personal fulfillment. (44976821)

DIVISION TO 131 KING ST EAST