31 KING STREET E, Cobourg, Ontario
$988,000
- 5,457 Square Feet
Excellent investment and lifestyle opportunity in the heart of downtown Cobourg. This solid brick semi-detached building offers a strong mixed-use configuration featuring a fully operating restaurant on the main level and two spacious residential apartments on the second floor each with a view of the lake. The main floor restaurant has been recently upgraded and is well maintained, with a proven history of successful operation. It includes an inviting layout and an outstanding patio area that has become a popular destination for patrons over the years. The second level consists of two large residential apartments, both well proportioned and suited for long-term tenants. The property is fully tenanted, with the restaurant paying approximately $6,250/month including HST, and each residential unit renting for approximately $1,100/month, providing stable and consistent income. Situated in Cobourg's vibrant downtown, the property benefits from steady pedestrian activity, local amenities, and year-round appeal from both tourists and residents. The location is enhanced by its proximity to the waterfront, with the popular marina and Cobourg Beach just a short walk away, drawing significant seasonal and weekend traffic. The building is well maintained throughout and includes a full basement. Existing tenants would be happy to remain, providing a seamless investment transition, or vacant possession can be arranged for an owner-operator. A rare opportunity to acquire a well-performing mixed-use asset in one of Cobourg's most desirable and high-traffic downtown locations. (id:23309)
- Listing ID: X13166864
- Property Type: Retail
Schedule a Tour
Schedule Private Tour
Tom Linkletter would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Tom Linkletter, who specializes in Cobourg real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Tom Linkletter find a property to match your lifestyle.
Listing provided by REAL BROKER ONTARIO LTD.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 31 KING STREET E in Cobourg Ontario. It was last modified on May 23rd, 2026. Contact Tom Linkletter to schedule a viewing or to discover other Cobourg real estate for sale.