238 James ST E, Cobourg, ON K9A 1H7
238 James ST E, Cobourg, ON K9A 1H7
238 James ST E, Cobourg, ON K9A 1H7
238 James ST E, Cobourg, ON K9A 1H7
238 James ST E, Cobourg, ON K9A 1H7
238 James ST E, Cobourg, ON K9A 1H7
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Chantal Lopes

Chantal Lopes

+1(647) 996-5156
$ 1,325,000
Est. payment | /mo

10 Beds

6 Baths

Save Virtual Tour
$ 1,325,000
Est. payment | /mo
Save Virtual Tour

10 Beds

6 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Cobourg

MLS Listing ID X13019912

Style 2-Storey

Bedrooms 10

Annual Tax Amount $8,033

Tax Year 2025

Property Sub-Type Detached

Property Description

Rare opportunity to acquire a well-maintained 6-unit multi-residential asset in the heart of Cobourg-an ideal entry point for investors looking to step into commercial real estate with confidence. Situated on a generous 66 x 190 ft lot, this property offers ample on-site parking and strong curb appeal, supporting long-term tenant retention and ease of management. The building features over 5,000 sq ft of (above and below grade) finished space as per MPAC, with a unit mix that has consistently delivered stable income. This building consists of 4 two-bedroom units, one one-bedroom unit, and one bachelor unit. Current tenants are reliable, pay on time, and take pride in their homes-an often overlooked but critical component of a successful investment. Two units have been recently updated, offering a blend of improved rental potential and future upside. As tenancies turn over, there is clear opportunity to bring rents to market levels, strengthening overall cash flow and increasing long-term asset value. The property has been well cared for, creating a low-maintenance profile for an incoming investor. Located in a desirable area of Cobourg, close to amenities, transit, and the waterfront, this asset benefits from strong rental demand and long-term growth fundamentals. Whether you're expanding your portfolio or acquiring your first multi-unit property, this is a strategic opportunity to secure a stable, income-producing asset with built-in upside in ahigh-demand market.

Location

State ON

County Northumberland

Area Northumberland

Rooms

Family Room No

Basement Apartment, Finished

Kitchen 6

Separate Den/Office 3

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private

Pool None

Roof Type Flat

Lot Frontage 66.0

Lot Depth 190.0

Total Parking Spaces 6

Building

Foundation Block

Others

ParcelsYN No

Virtual Tour https://player.vimeo.com/video/1184093908

Listed by RE/MAX JAZZ INC.
Chantal Lopes

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 996-5156

chantal.lopes@hotmail.com

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238 James ST E