$988,000
31 King Street E, Cobourg, ON K9A 1K6
Beds
Baths
Parking
Excellent investment and lifestyle opportunity in the heart of downtown Cobourg. This solid brick semi-detached building offers a strong mixed-use configuration featuring a fully operating restaurant on the main level and two spacious residential apartments on the second floor each with a view of the lake. The main floor restaurant has been recently upgraded and is well maintained, with a proven history of successful operation. It includes an inviting layout and an outstanding patio area that has become a popular destination for patrons over the years. The second level consists of two large residential apartments, both well proportioned and suited for long-term tenants. The property is fully tenanted, with the restaurant paying approximately $6,250/month including HST, and each residential unit renting for approximately $1,100/month, providing stable and consistent income. Situated in Cobourg's vibrant downtown, the property benefits from steady pedestrian activity, local amenities, and year-round appeal from both tourists and residents. The location is enhanced by its proximity to the waterfront, with the popular marina and Cobourg Beach just a short walk away, drawing significant seasonal and weekend traffic. The building is well maintained throughout and includes a full basement. Existing tenants would be happy to remain, providing a seamless investment transition, or vacant possession can be arranged for an owner-operator. A rare opportunity to acquire a well-performing mixed-use asset in one of Cobourg's most desirable and high-traffic downtown locations.

Property Summary

Property Type Commercial
Property Sub Type Commercial Retail
Transaction Type For Sale
Possession TBD

Building

Building Type Commercial Retail
Square Footage 5457.3
Building Area Units Square Feet
Heating Gas Forced Air Closed
Cooling Partial

Measurements

Lot Size 33.04 x 165.02
Lot Size Units Feet
Frontage 33.04
Depth 165.02
Total Living Area 5457.3

Land

Address 31 King Street E, Cobourg, ON K9A 1K6
City Cobourg
Community Cobourg
County / Area Northumberland
Cross Street East of Division Street
Parcel Number 511000009

Parking and Garage

Garage Type None

Taxes and Listing Info

List Price $988,000
Annual Taxes $13,023
Tax Year 2026
Status Active
Listing Date 2026-05-23T21:41:25Z
Updated 2026-05-23T21:41:25Z
MLS Number X13166864
Local Market Insight

What Buyers Should Know About 31 King Street E, Cobourg, ON K9A 1K6

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

31 King Street E, Cobourg, ON K9A 1K6 is positioned in Cobourg, a part of Cobourg where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a Commercial Retail, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Commercial Retail should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to East of Division Street, public transit options, parking availability, and drive times to employment areas. A property with available parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $988,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows available bedrooms, available bathrooms, basement details marked as to be confirmed, and a lot size of 33.04 x 165.02, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Cobourg, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Cobourg. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 31 King Street E, Cobourg, ON K9A 1K6, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.