66 Elgin Street W,Cobourg, ON K9A5T4
Cobourg, ON K9A5T4
Description
Exceptional investment opportunity in one of Cobourg's established commercial corridors. This fully leased income producing property combines stable cash flow, future development potential and a highly desirable location with exceptional visibility and exposure. With over 5,000sq. ft., this building is home to three established commercial tenants, providing immediate rental income while minimizing vacancy risk. Situated on a high traffic route with 13 municipally allocated parking spaces, the property offers excellent accessibility for tenants and customers alike, a valuable feature that's increasingly difficult to find in Cobourg. Positioned within the LM-14 zoning designation, the property also presents future opportunities for investors. In addition to its existing commercial use, the property includes one residential zoning component and may offer the potential to add/convert a residential unit, subject to approval from the Town of Cobourg, creating an opportunity to further enhance revenue over time. The current owners have made substantial capital improvements throughout their ownership, including a steel roof, multiple ductless heating and cooling systems, renovated commercial spaces, updated kitchens and bathrooms, new flooring, doors, security upgrades, mechanical improvements and more. These investments provide peace of mind while reducing the likelihood of major capital expenditures in the near future. Whether you're expanding an investment portfolio, securing a long term commercial asset or looking for a property with additional upside, 66 Elgin Street West offers a compelling combination of reliable income, quality improvements and future potential in one of Northumberland County's strongest commercial markets. (id:13843)
Details
| MLS # | X13572802 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 99 |
| Listing Provided By | RE/MAX Rouge River Realty Ltd. | Elaine Yates |
Features
| SQ Feet | 5,100 |
|---|---|
| Zoning | LM-14 |
| Acreage | 5100.00 |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Baseboard heaters, Forced air, Natural gas, Other |
| Fireplace Yes / No | No |
Parking
| Parking Features | Other |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 18508 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Cobourg |
| Postal Code | K9A5T4 |
| Listing VS Median (in K9A5T4) | |
Price: $1,099,000 low | high Med: $1,099,000 sqft: 5,100 low | high Med: 5,100 $ / sqft: $215 low | high Med: $215 On site: 99 low | high Med: 99 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Cobourg |
| Postal Code | K9A5T4 |
| Listing VS Median (in K9A5T4) | |
Price: $1,099,000 low | high Med: $1,099,000 sqft: 5,100 low | high Med: 5,100 $ / sqft: $215 low | high Med: $215 On site: 99 low | high Med: 99 | |