441 KING STREET E, Cobourg

$179,000

For sale: Other

Other at 441 KING STREET E, Cobourg
Property type
Sale Of Business
MLS®
MLS® X14159976
Neighbourhood
Cobourg

Well-established Chinese takeout restaurant. Successfully operated by the current owner for 6 years with a loyal customer base and consistent weekly sales of approximately $8,500-$10,000.Approximately 1,500 sq. ft. with monthly rent of $4,934.59, including TMI and HST. Lease expires October 21, 2029, with an additional 5-year renewal option.Open only 6 days per week. The business generates attractive owner income after operating expenses. Potential to convert to other restaurant concepts, subject to required approvals.Owner is selling due to health reasons. Excellent opportunity for an owner-operator or family-run business.

Sold data

Homes in Cobourg — recent sold market

Homes in Cobourg took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 74, across 85 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 87 days.

The median sale price was $649,900.

Homes sold for about 2.5% below asking on average, so there was room to negotiate.

About 14% of sales closed above the list price.

Around 35% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$649,900
Sale-to-list ratio
97.5%
Sold above asking
14%

Based on 85 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Cobourg

Cobourg has 9 Fraser Institute–rated schools (7 elementary and 2 secondary), averaging 6.0/10.

Rated schools
9
Elementary
7
Secondary
2
Average rating
6.0 / 10

Top-rated schools in Cobourg

  • Camborne — elementaryFraser rating 7.5/10
  • Terry Fox — elementaryFraser rating 7.3/10
  • Merwin Greer P S — elementaryFraser rating 7.2/10
  • St. Mary — secondaryFraser rating 7.1/10
  • C R Gummow — elementaryFraser rating 5.9/10
  • Cobourg — secondaryFraser rating 5.6/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 441 KING STREET E