40 King Street West, Cobourg | Image 1

40 King Street West

Cobourg, Cobourg

  • Commercial

$1,899,000
For Sale

Added 5 days ago

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  • Type: Store W/Apt/Office

  • Property Type: Commercial

  • Zoning: MC-4

  • Age: 100+ years

  • Taxes: 13794

  • MLS®#: X11888354

  • Days on Site: 4 Days

  • Added: Dec 10, 2024 (5 days ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: CENTURY 21 ALL-PRO REALTY (1993) LTD.

A meticulously renovated 4-story historic brick building, dating back to the 1870s, presenting an exceptional investment for a residential, commercial mixed-use building. Located just steps from the beach, marina, & VIA station, only 100 km from Toronto, this investment property offers both charm & modern convenience in excellent condition. Renovated with high-end custom craftsmanship & designer finishes, including Canadian maple hardwood floors, vaulted ceilings, contemporary kitchen & bathrooms, built-in cabinetry, & stylish barn slider doors, it is a fabulous find. Arched windows flood the space with natural light on two floors & offer quaint views of a vibrant downtown heritage streetscape. 4 Entrances on King St plus a back Entrance & a lift elevator. On the first floor, a retail clothing store generates income & includes large display windows, an outdoor display area, & a finished basement with staff rooms, storage, & two 2-piece baths. The second floor is currently used as a studio & warehouse & could easily be converted into another living space or offices. It includes a 3-piece bath & two large rooms. On the 3rd floor a Northside living room enjoys glass doors leading to an 800 sq ft rooftop terrace, perfect for relaxing or entertaining & includes a guest BR & stunning 4-piece bath. Above a large 4th floor Primary BR Suite features a laundry/bath combo & walk-in closet. Bonus of 4 parking spaces & backing onto a public parking lot. The business is also available for sale, providing a unique live-work opportunity. Option for the buyer to buy & run the business or the current owner may rent the commercial space from the Buyer. Modern heat/cool pump on upper floors & gas furnace a/c on main floor. This is a rare gem in the heart of downtown close to the VIA Station (100km to Toronto) Just steps to the beach, marina & harbourfront tourist area. A smart acquisition for income or Live-Work space with significant growth potential.

Extras

All SS Appls. Heat Pump/Wall unit. Lift. Maple Hardwood Floors, Vaulted Ceiling, Pot Lights, Fans, Contemporary Kitchen & Baths, B/in Cabinets. Warehouse Space on 2nd Fl. Office/Studio. Central Vac.&Components. Ship/Receive Access in back.

Property

  • Status: Sale

  • Property Type: Store W/Apt/Office

  • Property Type: Store With Apt/Office

  • Age: 100+

  • Area: Cobourg

  • Community: Cobourg

  • Availability Date: TBD

Inside

  • Bathrooms: 5

  • Air Conditioning: Y

  • Washrooms: 5

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

  • Amps: 200

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 6 BLK D ( cont'd see attachment)

  • Taxes: $13,794

  • Taxes Type: Annual

Land

  • Cross Street: 2nd Street or Divisi

  • Municipality District: Cobourg

  • Parcel Number: 510940387

  • Sewer: San+Storm

  • Lot Depth: 135.91 Feet

  • Lot Frontage: 29.83 Feet

  • Lot Irregularities: 30.63 ft x 135.91 ft

  • Zoning: MC-4

Additional Media

  • Virtual Tour: https://listings.insideoutmedia.ca/sites/dnrbgon/unbranded

Commercial Specific

  • Shipping Doors Grade Level: 1

  • Rail: N

  • Retail Area: 2986

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 8022.8

  • Total Area Metric: Sq Ft

  • Office Size: 5037

  • Office Size Metric: Sq Ft

  • Area Influence: Public Transit

  • Crane: N

  • Lot Code: Lot

  • Soil Test: N

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Walker's Paradise

  • Daily errands do not require a car.
94 /100

Very Bikeable

  • Most errands can be accomplished on bike.
81 /100
Map of 40 King Street West, Cobourg
JK-6

Merwin Greer School

Elementary: Public
2.15 km
JK-8

St. Joseph Catholic Elementary School

Elementary: Catholic
2.13 km
JK-6

St. Michael Catholic Elementary School

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Burnham School

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1.77 km
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Notre Dame Catholic Elementary School

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C R Gummow School

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Port Hope High School

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Holy Cross Catholic Secondary School

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St. Mary Catholic Secondary School

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2.61 km
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Cobourg Collegiate Institute

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1.23 km

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