A&B - 79 KING STREET W, Cobourg

$550,000

For sale: Other

Other at A&B - 79 KING STREET W, Cobourg
Property type
Commercial Retail
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® X13807686
Neighbourhood
Cobourg

Exceptional opportunity to own two commercial condominium units in the heart of Downtown Cobourg's vibrant business, shopping and tourist district. Ideally positioned on bustling Main Street, these contemporary, well-renovated units offer excellent storefront exposure, large display windows, high ceilings and the flexibility of both investment income and owner occupancy. The two units are connected by a shared front vestibule while maintaining completely separate, private spaces and have successfully operated independently for years. Subject to condominium approval, there may also be potential to combine them into one larger commercial space. Unit A is currently occupied by a long-term office tenant and features a welcoming reception area, four private offices, storage/file cabinetry and rough-ins for two 2-piece washrooms, providing immediate income for an investor. Unit B offers a bright, open-concept retail/commercial space previously occupied by a successful retail business. The space features high ceilings, updated flooring and excellent Main Street visibility, making it well suited for retail, professional services, a boutique, studio or other commercial uses. Enjoy a highly walkable location steps from Cobourg's Marina, Yacht Club, harbour, waterfront, Esplanade and beach, surrounded by banks, professional services, restaurants, cafés, boutiques, Victoria Hall, the Art Gallery and Concert Hall. The VIA Rail station is approximately one block away, with convenient access to Highway 401 and approximately 100 km to Toronto. A unique turnkey opportunity offering income, flexibility and exceptional exposure in one of Downtown Cobourg's most established commercial districts. Occupy one unit while generating income from the other, lease both, or explore the potential to combine the spaces to suit your business needs.

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 15 days and the slowest quarter taking more than 77, across 89 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.

The median sale price was $649,000.

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

About 13% of sales closed above the list price.

Around 36% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$649,000
Sale-to-list ratio
97.5%
Sold above asking
13%

Based on 89 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 A&B - 79 KING STREET W