234 King Street E

Nestled in the heart of Cobourg, at 234 King Street E, Cobourg, this stunning Multi-Family Home for sale in Cobourg is an exceptional opportunity for those looking to expand their property portfolio. This beautifully maintained multiplex, with its charming brick exterior, is not only a fantastic investment but also a lovely place to call home. With a generous lot size of 45 x 196 feet, the property boasts ample space and a desirable layout that is sure to impress.

The building is a two-storey structure featuring a total of 12 rooms, including four spacious bedrooms and two additional dens, making it perfect for families or those seeking extra space for a home office or study. With three bathrooms, there’s no need to worry about morning queues, and the two kitchens provide flexibility for cooking and entertaining. Whether you're a seasoned investor or a first-time buyer, this Multi-Family Home for sale in Cobourg offers a unique chance to enjoy the benefits of multi-tenancy living.

Located just a short stroll from Cobourg's renowned beach, vibrant downtown area, picturesque parks, and popular restaurants, this property is ideally situated for both tenants and owner-occupiers alike. The top unit is currently vacant, presenting an excellent opportunity for immediate tenant placement or for an owner-occupier to move in and enjoy the comforts of this lovely home. The main-floor apartment currently rents for £2,000 per month, while the lower unit brings in £1,150 per month, showcasing the strong rental income potential of this Multi-Family Home for sale in Cobourg.

Recent updates have been made to ensure the property is in excellent condition, including new water and sewer lines completed in 2024. This means peace of mind for the new owner, knowing that essential infrastructure has been taken care of. The full, finished basement adds further value to the property, providing additional storage or potential for further development, while the wall unit air conditioning ensures comfort during the warmer months.

Parking is a breeze with space for up to seven vehicles available on the driveway, making it convenient for tenants and guests alike. Although there is no garage on the property, the ample parking space compensates for this, allowing for easy access and movement. The property is unfurnished, providing a blank canvas for the new owner to personalise and make their own.

While there is no pool or fireplace, the charm of this Multi-Family Home for sale in Cobourg lies in its character and location. The property is situated in a thriving community, with all the amenities one could need within easy reach. The radiant heating system ensures warmth during the colder months, and the municipal water and sewer services add to the convenience of living in this delightful home.

At 234 King Street E, Cobourg, you’ll find a property that not only offers strong rental income but also holds exciting potential for future growth and development, thanks to its R5 zoning. The surrounding area of Northumberland is known for its friendly atmosphere and community spirit, making it a wonderful place to live or invest.

In summary, this Multi-Family Home for sale in Cobourg is a rare find, combining a prime location, spacious living arrangements, and solid investment potential. Don't miss your chance to secure this fantastic property at 234 King Street E, Cobourg. Whether you're looking to invest or find a new home, this property is sure to meet your needs and exceed your expectations.

Cobourg, nestled on the picturesque shores of Lake Ontario in Northumberland County, is a charming town that beautifully blends historic charm with modern amenities. Known for its stunning waterfront, Cobourg boasts sandy beaches, a vibrant marina, and scenic parks, making it an ideal spot for outdoor enthusiasts. The town features a delightful array of shops, cafés, and restaurants, all set against a backdrop of well-preserved 19th-century architecture. With a strong sense of community spirit, Cobourg hosts numerous events and festivals throughout the year, fostering a welcoming atmosphere for residents and visitors alike. Whether you enjoy leisurely strolls along the lakeside or engaging in local cultural activities, Cobourg offers a serene yet vibrant lifestyle for those looking to settle in a picturesque Canadian town.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is C.R. Gummow School, just 0.5 km away, offering a French-language curriculum for students from SK to Grade 8. For elementary education in English, Burnham Public School is 2.6 km away, serving grades K to 6. St. Joseph Catholic Elementary School, located 2.0 km from the property, provides a Catholic education in English for students from JK to Grade 8. Families seeking Catholic secondary education will find St. Mary Catholic Secondary School, also 2.6 km away, catering to grades 9 to 12. Additionally, St. Michael Catholic Elementary School is 1.0 km away, offering French-language instruction for JK to Grade 6. All schools are part of reputable boards, including the Kawartha Pine Ridge District School Board and the Peterborough Victoria Northumberland and Clarington Catholic District School Board. While the school ratings are currently not available, the variety of educational options nearby ensures that families have access to quality education tailored to their needs. Overall, this property is well-positioned to support the educational aspirations of its residents.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 474 residents, with an average household size of 1.7 individuals. The community has a mature demographic, with an average age of 56.8 years. The average household income stands at $74,500, although 18% of the population is classified as low-income. The housing market is characterized by a high average price of $790,000, with a significant portion of the population (70.18%) renting their homes, while there are no condominiums available in the area. The community is predominantly single, with 52.33% of residents identifying as such, and only 20% of households include children. Additionally, 14.61% of the residents are immigrants, contributing to the area's diversity. Educational attainment is notable, with over half (51.22%) of the population holding a college or university degree. However, a substantial portion of the population, 64.63%, is not in the labor force, indicating potential economic challenges. Overall, this area presents a unique blend of demographics that may appeal to specific buyer profiles, particularly those seeking a tranquil environment with a mature community.