249-255 Division Street, Cobourg, ON K9A 3P9 – Cobourg – $1,699,000

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Description

Investment property in Downtown Cobourg. 7 Apartments, 9-12 commercial units (adaptive layout) 19 parking spaces. This property has incredible potential for for the commercial investor, located in the growing business sector of downtown Cobourg. Plenty of thriving retail, office and commercial businesses continue to seek space. Highly demanded residential spaces offer a balance of incomes. This building has adaptive layout allowing business to expand within their existing space if needed. Single offices, multi office + reception spaces, storefront retail facing Division St, basement storage and laundry, back private parking lot adjacent to the town lot gives so many options for successful businesses to operate. **EXTRAS** Updates – roof (flat sections, 2015, 2019), decks (2021), locking systems 2024, painting (common corridors), apartments (3 updated during tenant turnover 2019, 2021, 2024)

Property Details

• Property Type: Commercial
• List Price: $1,699,000
• Parking Spaces: 19
• Tax Year: 2024
• Annual Taxes: $19,459