Property Information:

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 3 two-bedroom units, 2 one-bedroom units, 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. Currently the property is professionally managed - management company is willing to continue to manage for 8% with 3 months free (effective 6% for the first year). (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Finished
Basement Type: N/A, N/A
Construction Style - Attachment: Detached
Exterior Finish: Brick
Floor Space: 3500 - 5000 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Stove, Refrigerator

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 6+3
Bathrooms: 6
Floor Space (approx): 3500 - 5000 Square Feet
Irregular: Yes
Lot Depth: 190 Feet
Lot Frontage: 66 Feet
Lot Size: 66 x 190 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 6

Courtesy of: RE/MAX Jazz INC.

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Demographic Information of 238 JAMES STREET E, Cobourg, Ontario, K9A 1H7

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$109,234.10

Average Number of Children

1.68

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.43 %

High school certificate or equivalent

30.91 %

Apprenticeship trade certificate/diploma

5.68 %

College/non-university certificate

23.6 %

University certificate (below bachelor)

1.12 %

University Degree

22.26 %

Commuter

Travel To Work

By Car

78.41 %

By Public Transit

0.75 %

By Walking

14.45 %

By Bicycle

0.0 %

By Other Methods

6.39 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.89 %

Houses

54.11 %

238 JAMES STREET E, Cobourg, Ontario, K9A 1H7