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Thursday, July 23th, 2026

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$1,250,000
Available - For Sale
Listing ID: X13019912
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).
Price $1,250,000
Taxes: $8,033.85
Assessment Year: 2025
Occupancy by: Tenant
Address: 238 James Street East , Cobourg, K9A 1H7, Northumberland
Directions/Cross Streets: JAMES ST E / D'ARCY
Rooms: 14
Rooms +: 5
Bedrooms: 6
Bedrooms +: 3
Washrooms: 6
Family Room: F
Basement: Apartment
Finished
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  4 Main
Washroom 3:  4 Lower
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Second
Washroom 7:  4 Main
Washroom 8:  4 Lower
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Second
Washroom 12:  4 Main
Washroom 13:  4 Lower
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Second
Washroom 17:  4 Main
Washroom 18:  4 Lower
Washroom 19:  0
Washroom 20:  0
Washroom 21:  4 Second
Washroom 22:  4 Main
Washroom 23:  4 Lower
Washroom 24:  0
Washroom 25:  0
Washroom 26:  4 Second
Washroom 27:  4 Main
Washroom 28:  4 Lower
Washroom 29:  0
Washroom 30:  0
Washroom 31:  4 Second
Washroom 32:  4 Main
Washroom 33:  4 Lower
Washroom 34:  0
Washroom 35:  0
Washroom 36:  4 Second
Washroom 37:  4 Main
Washroom 38:  4 Lower
Washroom 39:  0
Washroom 40:  0
Washroom 41:  4 Second
Washroom 42:  4 Main
Washroom 43:  4 Lower
Washroom 44:  0
Washroom 45:  0
Washroom 46:  4 Second
Washroom 47:  4 Main
Washroom 48:  4 Lower
Washroom 49:  0
Washroom 50:  0
Washroom 51:  4 Second
Washroom 52:  4 Main
Washroom 53:  4 Lower
Washroom 54:  0
Washroom 55:  0
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 6
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Square Footage: 3500-5000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX Jazz INC.

238 James Street East , Cobourg, K9A 1H7, Northumberland

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Freehold - Detached
Area: Northumberland
Municipality: Cobourg
Neighbourhood: Cobourg
Style: 2-Storey
Lot Size: x 190.00(Feet)
Approximate Age:
Tax: $8,033.85
Maintenance Fee: $0
Beds: 6+3
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com