$985,000
Est. payment $4,361/moCalculate yours
234 King Street E, Cobourg, ON K9A 1L6
Cobourg, Cobourg, ON K9A 1L6
- 4 + 2 Beds
- 3 Baths
- 1,500 Sq Ft
Listing courtesy of RE/MAX Rouge River Realty Ltd. MLS® X12479081
About this home
Discover the perfect addition to your portfolio with this beautifully maintained triplex, ideally located just a short stroll from Cobourg’s renowned beach, vibrant downtown, picturesque parks, and popular restaurants.This property features three charming two-bedroom apartments, each designed for comfort and character, with original hardwood flooring adding timeless appeal. Fully tenanted, this is a true turnkey investment offering immediate and consistent rental income. Recent updates provide added peace of mind, including new water and sewer lines completed in 2024. With ample parking and R5 zoning, the property also presents exciting potential for future growth and development.The main-floor apartment currently rents for $2,000 per month, the lower unit rents for $1,150 per month, and the upper unit rents for $1,900 per month. Don’t miss your chance to secure a prime Cobourg investment that combines strong income, long-term potential, and an unbeatable location.
Property details
Overview
- Property Type
- Triplex
- Style
- 2-Storey
- For
- For Sale
- Status
- Extension
- Approximate Age
- 51-99
- Size
- 1,500 sqft
Interior
- Bedrooms
- 4 + 2
- Bathrooms
- 3
- Kitchens
- 3
- Basement
- Full, Finished
Building & Systems
- Heating
- Radiant (Gas)
- Cooling
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 45 x 196 Feet
- Parking
- None garage · 7 total
- Zoning
- R5
Financial
- Property Taxes
- $4,237 (2024)
Location
- Neighbourhood
- Cobourg
- Cross Street
- King St East & D'Arcy St
- Direction Faces
- North
Listing
- MLS® Number
- X12479081
- Days on Market
- 360
- Listed On
- 2025-10-23
- Possession
- Flexible
- Listed By
- RE/MAX Rouge River Realty Ltd.
Features
Interior
- Sump Pump
- Workbench
Pool
- None
- Included
- 3 Fridges, 3 Stoves, Workbench, Dehumidifier, Lawnmower, Shed, all in "as is" condition
- Excluded
- Tenants Belongings
- Rental items
- Gas Hot Water Tank
Mortgage calculator
Estimated mortgage payment
$4,361 per month
- Principal and interest
- $4,361
- Property tax
- $353
- Condo fees
- $0
- Estimated monthly cost
- $4,714
Your mortgage
- Mortgage amount
- $788,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $520,410
Cash to close
- Down payment
- $197,000
- Land transfer tax
- $16,175
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $213,175
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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