31 King ST E, Cobourg, ON K9A 1K6
31 King ST E, Cobourg, ON K9A 1K6
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Elisa Shannon

Elisa Shannon

+1(905) 713-9665
$ 988,000
Est. payment | /mo
Save
$ 988,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision Cobourg

MLS Listing ID X13166864

Annual Tax Amount $13,023

Tax Year 2026

Property Sub-Type Commercial Retail

Property Description

Excellent investment and lifestyle opportunity in the heart of downtown Cobourg. This solid brick semi-detached building offers a strong mixed-use configuration featuring a fully operating restaurant on the main level and two spacious residential apartments on the second floor each with a view of the lake. The main floor restaurant has been recently upgraded and is well maintained, with a proven history of successful operation. It includes an inviting layout and an outstanding patio area that has become a popular destination for patrons over the years. The second level consists of two large residential apartments, both well proportioned and suited for long-term tenants. The property is fully tenanted, with the restaurant paying approximately $6,250/month including HST, and each residential unit renting for approximately $1,100/month, providing stable and consistent income. Situated in Cobourg's vibrant downtown, the property benefits from steady pedestrian activity, local amenities, and year-round appeal from both tourists and residents. The location is enhanced by its proximity to the waterfront, with the popular marina and Cobourg Beach just a short walk away, drawing significant seasonal and weekend traffic. The building is well maintained throughout and includes a full basement. Existing tenants would be happy to remain, providing a seamless investment transition, or vacant possession can be arranged for an owner-operator. A rare opportunity to acquire a well-performing mixed-use asset in one of Cobourg's most desirable and high-traffic downtown locations.

Location

Province ON

County Northumberland

Area Northumberland

Zoning MC - Main Central Commercial

Interior

Cooling Partial

Inclusions Each apartment contributes $50/month for water to restaurant. Separate Electric meters for all Tenants. One gas meter for the restaurant. One gas meter for the Apartments - paid the by the Landlord. Landlord pays property Tax. Complete new roof about 2021. Two gas furnaces, one is New 2025 servicing restaurant . New Kitchen exhaust system and make up air unit both 2025.

Exterior

Parking Features None

Utilities Available Yes

Building

Lot Description Building

Lited by REAL BROKER ONTARIO LTD.

Nearby Locations

Elisa Shannon
Elisa Shannon

Agent

+1(905) 713-9665 | elisa_realestate@yahoo.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Elisa Shannon, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

31 King ST E