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Thursday, July 23th, 2026

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$1,250,000
Available - For Sale
Listing ID: X13019902
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 unit2, 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 a high-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
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 238 James Street East , Cobourg, K9A 1H7, Northumberland
Postal Code: K9A 1H7
Province/State: Northumberland
Legal Description: PT LT 11 BLK G PL CADDY (FORMERLY LT 15
Directions/Cross Streets: JAMES ST E / D'ARCY
No. of Pieces Level
Washroom 1:  0
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Washroom 53:  0
Washroom 54:  0
Washroom 55:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 12,540
Total Area Code:  Square Feet
 Management Expense: 4524
Maintenance: 0
Water Expense: $0
Vacancy Allowance: 1810
Net Income Before Debt: $60133
Expenses Actual/Estimated: $Est
Heat Type: Gas Forced Air Close
Central Air Conditioning: No
Sewers: Sanitary
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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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Type: Com - Investment
Area: Northumberland
Municipality: Cobourg
Neighbourhood: Cobourg
Style:
Lot Size: x 190.00(Feet)
Approximate Age:
Tax: $8,033.85
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
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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