Discover the perfect addition to your portfolio with this beautifully maintained triplex, ideally located just a short stroll from Cobourg's renowned beach, vibrant downtown, picturesque parks, and popular restaurants.This property features three charming two-bedroom apartments, each designed for comfort and character, with original hardwood flooring adding timeless appeal. Fully tenanted, this is a true turnkey investment offering immediate and consistent rental income. Recent updates provide added peace of mind, including new water and sewer lines completed in 2024. With ample parking and R5 zoning, the property also presents exciting potential for future growth and development.The main-floor apartment currently rents for $2,000 per month, the lower unit rents for $1,150 per month, and the upper unit rents for $1,900 per month. Don't miss your chance to secure a prime Cobourg investment that combines strong income, long-term potential, and an unbeatable location.
4 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $657 per square foot. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
Inside 234 King St E
Every detail from the listing, in one place.
Type
Triplex
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
7 spaces
Basement
Full, Finished
Features & systems
Parking & garage
Parking spaces
7
Interior
Basement
Full · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Triplex
234 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® X12479081$985,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 234 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.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,839
/mo
based on the purchase price of $985,000
$197,000 cash
$788,000 financed
$663,703 total interest
Principal54%$788,000
Interest46%$663,703
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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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 234 King St E
Homes for sale in Cobourg
Every active Cobourg MLS® listing, updated all day.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio97.6%On average, homes sold below asking.
Active listings218Homes for sale here right now.
Median vs prior 90 days−1.6%Compared with May 12 – Aug 10, 2026: prices down.
Based on 151 sales from Aug 10 – Nov 8, 2026 (114 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 234 King St E
How much is 234 King St E listed for?
234 King St E is listed at $985,000 (MLS® X12479081). Summitly updates the price as soon as the MLS® record changes.
Is $985,000 a good price for 234 King St E?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Cobourg. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 234 King St E changed?
No — 234 King St E is still listed at its original asking price of $985,000.
How many bedrooms and bathrooms does 234 King St E have?
234 King St E has 4 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a triplex in Cobourg.
How much would the monthly mortgage be on 234 King St E?
About $4,839 a month — principal and interest on $985,000 with 20% down ($197,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 234 King St E compare with other homes in Cobourg?
Its asking price of $985,000 is about 56% above the median sold price in Cobourg over the last 90 days, $630,000, across 151 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 234 King St E been sold before?
Summitly has no earlier MLS® sale or lease of 234 King St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 234 King St E?
234 King St E is in Cobourg, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 234 King St E been on the market?
381 days — 234 King St E was listed on October 23, 2025.
What is the price per square foot of 234 King St E?
About $493 to $657 per square foot: the asking price of $985,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 234 King St E have parking or a garage?
Yes — the listing gives 7 parking spaces.
Does 234 King St E have a basement, and is it finished?
The listing describes the basement as: Full, Finished.
