Gurvinder Nokwal REALTOR®
For Sale Triplex 360 days on market

$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
Map

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

Minimum for this price: $73,500 (7.46%)

Amortization, years

Estimated mortgage payment

$4,361 per month

Principal and interest
$4,361
Property tax
$353
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
Total, before legal fees
$213,175
Talk to me about financing

Estimates 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

234 King Street E, Cobourg, ON K9A 1L6 Cobourg, Cobourg, ON K9A 1L6
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$985,000 234 King Street E, Cobourg, ON K9A 1L6
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