238 James Street E, Cobourg, ON K9A 1H7, Cobourg, ON, K9A 1H7
MLS: X13019902 | Investment
$1,325,000
Property Description
Rare opportunity to acquire a well-maintained 6-unit multi-residential asset in the heart of Cobourg-an ideal entry point for investors looking to step into commercial real estate with confidence. Situated on a generous 66 x 190 ft lot, this property offers ample on-site parking and strong curb appeal, supporting long-term tenant retention and ease of management. The building features over 5,000 sq ft of (above and below grade) finished space as per MPAC, with a unit mix that has consistently delivered stable income. This building consists of 3 two-bedroom units, 2 one-bedroom unit2, and one bachelor unit. Current tenants are reliable, pay on time, and take pride in their homes-an often overlooked but critical component of a successful investment. Two units have been recently updated, offering a blend of improved rental potential and future upside. As tenancies turn over, there is clear opportunity to bring rents to market levels, strengthening overall cash flow and increasing long-term asset value. The property has been well cared for, creating a low-maintenance profile for an incoming investor. Located in a desirable area of Cobourg, close to amenities, transit, and the waterfront, this asset benefits from strong rental demand and long-term growth fundamentals. Whether you're expanding your portfolio or acquiring your first multi-unit property, this is a strategic opportunity to secure a stable, income-producing asset with built-in upside in a high-demand market. Currently the property is professionally managed - management company is willing to continue to manage for 8% with 3 months free (effective 6% for the first year).
Quick Facts
- Property Type: Investment
- Bedrooms: None
- Bathrooms: 6
Costs
- Annual Taxes: $8,033.85 (2025)
Listing Provided by: RE/MAX JAZZ INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: No
- Utilities: Available
Exterior & Construction
- Sewer: Sanitary
Lot & Land
- Zoning: R5
Community & Neighbourhood
- Neighbourhood: Cobourg
Listing Information
Listing History
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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238 James Street E, Cobourg, ON K9A 1H7, Cobourg, ON, K9A 1H7