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 stro...ng 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.
Full Property Details
General
Business Type
Other
Total Area
5700.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Other
Total Area
5700.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
4
Heating Source
Gas
Heating Fuel
Gas Forced Air Closed
Air Conditioning
No
Washrooms
4
Heating Source
Gas
Heating Fuel
Gas Forced Air Closed
Air Conditioning
No
Exterior
Depth
165.0
Front
40.95
Lot Size
41 x 165.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
MC Exception for legal non-conforming use
Depth
165.0
Front
40.95
Lot Size
41 x 165.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
MC Exception for legal non-conforming use
Building Description
Home Type
Commercial
Subtype
Investment
Year Built
100+
Sewers
Sanitary+Storm Available
Water Supply
Municipal
Possession Date
9/17/2026
Home Type
Commercial
Subtype
Investment
Year Built
100+
Sewers
Sanitary+Storm Available
Water Supply
Municipal
Possession Date
9/17/2026
Community
Community
Cobourg
Community
Cobourg
Taxes & Fees
Taxes
$6,916.03 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$6,916.03 /yr
Tax Year
2026
Occupancy
Tenant
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