21 & 23 King St E is a 9-bedroom, 4-bathroom investment in Cobourg, listed for $1,100,000.
1A compelling income property offering investors strong cash flow today PLUS intriguing future potential.
2Situated in a vibrant historic tourist & destination downtown on the shores of Lake Ontario, close to the Beach, Waterfront, Marina, Parks, Boardwalk, shops, restaurants & amenities.
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9 Bed, 4 Bath Commercial Property in Cobourg
About 21 & 23 King Street East
10.23% CAP RATE. Exceptional downtown investment opportunity! 5,760 Sq Ft Brick, 14-bedroom 4 Kitchen 4 Bath Boarding/Rooming House configured across 2 substantial semi-detached Historic Residences in a sought-after Lake Ontario heritage downtown. A compelling income property offering investors strong cash flow today PLUS intriguing future potential. Continue the established income-producing use or explore opportunities to revamp and reposition these 2 historic residences. Potential concepts may include a boutique hotel/inn, mixed-use commercial/residential, live/work spaces, private residence townhomes or traditional rental units (subject to zoning, municipal & other required approvals.) The property zoning is MC with Exception & benefits from a legally protected non-conforming status related to its historic use, offering Buyers the option to investigate future possibilities for commercial &/or residential use - or simply continue the existing use. Superb LOCATION! Situated in a vibrant historic tourist & destination downtown on the shores of Lake Ontario, close to the Beach, Waterfront, Marina, Parks, Boardwalk, shops, restaurants & amenities. Character details throughout. Orig Banister Staircase, Wood Flooring, High Ceilings, Pocket Doors, Crown Molding, Covered front Porch. Approx. 100 km from Toronto with VIA Rail service in town & Hwy 401 nearby. 2 Furnaces with Gas heat. 2 Gas Hot Water Tanks. Rents are all-inclusive. Income & Expense Statement + Floor Plans available. A rare opportunity combining immediate income, approx. 10.23% cap rate, 5,760 Sq Ft, established legal use & future repositioning potential in an exceptional downtown location 100KM to Toronto and steps to the lakefront. Gross Income: $14,000/M | $168,000/Yr. Expenses: $4,626.33/M | $55,515.96/Yr. Net Income: $9,373.67/M | $112,484.04/Yr. Approx. 10.23% CAP RATE at current list price, based on Seller-provided income & expenses. Phase 1 ESA avail. 2 Semi-Det Homes. 2850 approx. Sqft Each.
9 bedrooms, 4 bathrooms. Chat with Zara if you'd like a deeper read on whether this investment fits your budget and timing.
Inside 21 & 23 King St E
Every detail from the listing, in one place.
Type
Investment
Lot size
40.95 x 165.00 Feet
Features & systems
Lot & land
Lot dimensions
40.95 x 165.00 Feet
Lot size (sqft)
0
Listing & possession
Property class
Investment
21 & 23 King St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13798450$1,100,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 21 & 23 King St E Compares to the Cobourg Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 21 & 23 King St E
Homes for sale in Cobourg
Every active Cobourg MLS® listing, updated all day.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio97.5%On average, homes sold below asking.
Active listings231Homes for sale here right now.
Median vs prior 90 days−0.3%Compared with May 4 – Aug 2, 2026: prices down.
Based on 148 sales from Aug 2 – Oct 31, 2026 (105 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 21 & 23 King St E
How much is 21 & 23 King St E listed for?
21 & 23 King St E is listed at $1,100,000 (MLS® X13798450). Summitly updates the price as soon as the MLS® record changes.
Has the price of 21 & 23 King St E changed?
No — 21 & 23 King St E is still listed at its original asking price of $1,100,000.
How many bedrooms and bathrooms does 21 & 23 King St E have?
21 & 23 King St E has 9 bedrooms and 4 bathrooms. It is a commercial property in Cobourg.
How does 21 & 23 King St E compare with other homes in Cobourg?
Its asking price of $1,100,000 is about 75% above the median sold price in Cobourg over the last 90 days, $628,000, across 148 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 21 & 23 King St E been sold before?
Summitly has no earlier MLS® sale or lease of 21 & 23 King St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 21 & 23 King St E?
21 & 23 King St E is in Cobourg, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 21 & 23 King St E been on the market?
44 days — 21 & 23 King St E was listed on September 17, 2026.
What is the lot size of 21 & 23 King St E?
The lot measures 40.95 × 165.00 Feet, as published in the listing.
What is the land transfer tax on 21 & 23 King St E?
About $18,475 in Ontario land transfer tax at the asking price of $1,100,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 21 & 23 King St E or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 21 & 23 King St E?
The listing for 21 & 23 King St E doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Cobourg.
When was 21 & 23 King St E built?
The listing for 21 & 23 King St E doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
