Cobourg, ON · · MLS® X14110610Updated
$1,299,000
39 King St W is a 5-bathroom investment in Cobourg, listed for $1,299,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
$99,600 Annual gross income. APPROX. 6% CAP RATE. 4 Income streams! An established, fully occupied mixed-use Commercial Residential FREEHOLD Brick Multi Unit in the heart of historic Downtown Cobourg. An attractive 4,390 sq. ft. brick building combining a prominent King Street retail storefront with 3 residential apartments, offering diversified income, immediate cash flow & manageable ownership. Approx. $78,719 annual Net Operating Income represents a 6.06% CAP RATE at the $1,299,000 asking price, based on supplied expenses, excluding vacancy, management & capital reserves. The commercial tenant pays $3,000/month base rent PLUS $700/month TMI, with a 3-year lease commencing March 2025. The bright 1,161 sq. ft. storefront offers excellent visibility, large display windows, high ceilings & flexible retail space, PLUS approx. 1,161 sq. ft. lower level with office, storage, laundry hookups, 2-pc bath & walkout access. Three residential apartments occupy the upper floors, with independent access & separate hydro meters. Current residential rents total $4,600/month, with month-to-month tenancies. Tenants pay their own electricity. Significant improvements include a 2016 membrane roof, 2016 residential furnace, 2018 hot water tank & 2024 fire retrofit. Two furnaces, separate hot water systems, multiple entrances & 3 rear parking spaces add functionality. Potential rear patio with plans available, subject to approvals. PRIME DOWNTOWN LOCATION steps to Victoria Hall, shops, restaurants, VIA Rail, Marina, Beach & Lake Ontario waterfront. Approx. 100 km east of Toronto. A Stabilized income property offering established tenancies, diversified revenue & long-term ownership value in a desirable waterfront community. Call for Income & Expenses & floor plans.
Cobourg investment priced at $1,299,000 — book a tour to see if it fits your search.
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Closed sales on the TRREB MLS®.
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Listing brokerage: CENTURY 21 UNITED REALTY INC., BrokerageMLS® X14110610 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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Other 9-bed homes for sale in Cobourg around $1.3M.
Homes for sale in Cobourg
Every active Cobourg MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 146 sales from Jul 25 – Oct 23, 2026 (111 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
39 King St W is listed at $1,299,000 (MLS® X14110610). Summitly updates the price as soon as the MLS® record changes.
No — 39 King St W is still listed at its original asking price of $1,299,000.
39 King St W has 5 bathrooms. It is a commercial property in Cobourg.
Its asking price of $1,299,000 is about 107% above the median sold price in Cobourg over the last 90 days, $628,000, across 146 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.
Summitly has no earlier MLS® sale or lease of 39 King St W on record from the last two years. Older records aren't shown under TRREB rules.
39 King St W is in Cobourg, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
39 King St W was listed today (October 23, 2026).
About $22,455 in Ontario land transfer tax at the asking price of $1,299,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
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The listing for 39 King St W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Cobourg.
The listing for 39 King St W doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
