31 King Street

ActiveCobourg · Cobourg75 days on marketMLS® X13166864
$988,000
$181 / sq ft
Bedrooms0
Bathrooms0
Interior5,457 sq ft
TypeCommercial
ListingFor Sale
Days on Market75

About this property

AMAZING INVESTEMENT OPPORTUNITY FOR INVESTORS AND END USER!! 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.

Features & finishes

View
Air Conditioning
Basement

Property details

MLS® NumberX13166864
StatusActive
Listing TypeFor Sale
Property TypeCommercial
Interior Size5,457 sq ft
Beds / Baths0 bed · 0 bath
NeighbourhoodCobourg
CityCobourg
Postal CodeK9A 1K6
ProvinceON
Listed DateMay 23, 2026
Days on Market75
Price per Sq Ft$181
BrokerageREAL BROKER ONTARIO LTD.

Location

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Listed by REAL BROKER ONTARIO LTD.