For saleMLS® X13798450

21 & 23 King Street E, Cobourg, ON K9A 1K6

Cobourg · Near Division St And King St E · View map

$1,100,000
9Beds
4Baths
5700Sq ft
InvestmentType
1 totalParking
$6,916/yrTaxes
$1,100,000
FreeholdNo monthly condo fee
Parking includedComes with the home
Lot 41 x 165 ftThe land comes with the home

About this home

10.23% CAP RATE. EXCEPTIONAL DOWNTOWN INVESTMENT OPPORTUNITY! 5,760 Sq Ft Brick, 14-bedroom 4 Kitchen 4 Bath Boarding/Rooming House configured across 2 substantial semi-detached Historic Residences in a sought-after Lake Ontario heritage downtown. A compelling income property offering investors strong cash flow today PLUS intriguing future potential. Continue the established income-producing use or explore opportunities to revamp and reposition these 2 historic residences. Potential concepts may include a boutique hotel/inn, mixed-use commercial/residential, live/work spaces, private residence townhomes or traditional rental units (subject to zoning, municipal & other required approvals.) The property zoning is MC with Exception & benefits from a legally protected non-conforming status related to its historic use, offering Buyers the option to investigate future possibilities for commercial &/or residential use - or simply continue the existing use. Superb LOCATION!!! Situated in a vibrant historic tourist & destination downtown on the shores of Lake Ontario, close to the Beach, Waterfront, Marina, Parks, Boardwalk, shops, restaurants & amenities. Character details throughout. Orig Banister Staircase, Wood Flooring, High Ceilings, Pocket Doors, Crown Molding, Covered front Porch. Approx. 100 km from Toronto with VIA Rail service in town & Hwy 401 nearby. 2 Furnaces with Gas heat. 2 Gas Hot Water Tanks. Rents are all-inclusive. Income & Expense Statement + Floor Plans available. A rare opportunity combining immediate income, approx. 10.23% cap rate, 5,760 Sq Ft, established legal use & future repositioning potential in an exceptional downtown location 100KM to Toronto and steps to the lakefront. Gross Income: $14,000/M | $168,000/Yr. Expenses: $4,626.33/M | $55,515.96/Yr. Net Income: $9,373.67/M | $112,484.04/Yr. Approx. 10.23% CAP RATE at current list price, based on Seller-provided income & expenses. Phase 1 ESA avail. 2 Semi-Det Homes. 2850 approx. Sqft Each.

The home

Type
Investment
Square footage
5700 sq ft
Bedrooms
9
Bathrooms
4
Kitchens
4
Lot size
41 x 165 ft
Approximate age
100+ years

Ownership & fees

Ownership
Freehold
Monthly condo fee
None

Heating & cooling

Heating fuel
Gas
Heating type
Gas Forced Air Closed

Garage & parking

Driveway spaces
1
Total parking
1

Taxes & other

Property taxes
$6,916/yr
Tax year
2026
Occupancy
Tenant
Possession
Immediate
Cross street
Division St And King St E
Neighbourhood
Cobourg

More

MLS® number
X13798450

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Estimated monthly cost$5,013per month, all in
  • Mortgage
  • Property tax

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    Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.

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    21 & 23 King Street, Cobourg, ON K9A 1K6

    Cobourg · Near Division St And King St E

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    Sold history

    Listing history for 21 & 23 King Street

    See what this home and others at the same address were listed for, what they sold for, and how long it took.

    Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.

    Questions & answers

    Frequently asked questions about 21 & 23 King Street E

    Answers come straight from this home’s MLS® listing.

    How much is 21 & 23 King Street E listed for, and what would it cost each month?

    21 & 23 King Street E is listed for $1,100,000. With 20% down ($220,000), the mortgage payment would be roughly $4,437 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,013 a month, all in. That figure is an illustration, not a quote.

    Is 21 & 23 King Street E freehold or a condo, and is there a monthly fee?

    21 & 23 King Street E is a investment in Cobourg. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.

    How many bedrooms and bathrooms does 21 & 23 King Street E have?

    21 & 23 King Street E has 9 bedrooms and 4 bathrooms.

    Does 21 & 23 King Street E have a garage and parking?

    The listing does not show a garage. The driveway adds 1 space. In total the listing counts 1 parking space.

    What style of home is 21 & 23 King Street E?

    21 & 23 King Street E is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.

    How big is 21 & 23 King Street E, and what is the lot size?

    The lot is listed as 41 x 165 ft.

    How is 21 & 23 King Street E heated and cooled?

    Heating is gas forced air closed (gas). The listing does not show air conditioning.

    What are the property taxes for 21 & 23 King Street E?

    Property taxes are $6,916 a year (2026), or about $576 a month.

    Where is 21 & 23 King Street E?

    21 & 23 King Street E is in Cobourg. The nearest main intersection is Division St And King St E. The postal code is K9A 1K6.

    Is 21 & 23 King Street E still for sale?

    Yes. It is an active listing (MLS® X13798450). Listings here update from the board through the day and come down once a home sells.

    What are similar properties near 21 & 23 King Street E asking?

    Similar properties for sale nearby right now include 70 King Street E at $1,075,000, 39 King Street W at $1,299,000 and 92 King Street W at $1,330,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.

    What have homes at 21 & 23 King Street sold for?

    Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.

    How do I book a showing at 21 & 23 King Street E?

    Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.

    Have a different question? Ask about this home and get an answer, usually within the hour.

    *Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.

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