• Mobile: 416-949-2626
  • Office: 416-293-8500
  • Fax: 905-913-8585

$1,689,000
Available - For Sale
Listing ID: X12172075
40 King Stre West , Cobourg, K9A 2M1, Northumberland


A Downtown Legacy building Masterpiece! Live above your business. Work below your home. Whether you're a creative entrepreneur, urban professional, or investor, this is an exceptional opportunity to own a turnkey property in vibrant tourist & cultural corridors. Live. Work. Host. Invest. It's all here just steps to the Esplanade, Boardwalk, Marina, Beach, Farmers Market, Restaurants. VIA station 1 BLK & 100km to Toronto for commuting to this staycation hotspot. A Fabulous Lifestyle Awaits! A spectacular c.1870s 4-storey brick building offering a rare opportunity in the heart of the downtown heritage district. Fully Renovated, Mixed-use residential/commercial property seamlessly blends luxury, character, & income potential. 3+ BRs 5 Baths. Private Lift style Elevator. Rooftop Terrace. Live Above It All. A 3rd flr living area features a spacious north-facing living room with glass doors opening onto an 800 sq ft rooftop terrace (new railings). The home component is an entertainers dream with city views & steps to the lake breezes. South-facing views showcase the iconic Victoria Hall & charming heritage streetscape. Mindful renovations throughout include: Solid Canadian Maple Hardwood flooring, soaring vaulted ceilings, custom, classic & contemporary Kitchen. Spa-inspired baths, Arched Heritage windows, Slider Barn Doors, & Built-in Cabinetry. Bedrooms: A spacious 3rd flr BR with 4-piece Bath. Apartment-sized 4th floor loft Primary Suite with Ensuite Bath/Laundry combo & Walk In Closet. Potential for additional Bedrooms on 2nd flr in the studio/office level that has a 3pce Bath. Commercial Unit: Immaculate 2000+ MN FL Retail Storefront space with street access + pristine basement level with ample storage & staff rooms + 2pce Bath & janitorial sink closet. Zoning allows for Res/Com use. Ideal for Live/Work, B&B, or Boutique Hotel conversion. 5 entrances, 3 staircases, personal lift/elevator to 3rd floor. *Ask for detailed Feature Sheet & Floor Plans *
Price $1,689,000
Taxes: $13794.00
Occupancy: Owner
Address: 40 King Stre West , Cobourg, K9A 2M1, Northumberland
Directions/Cross Streets: 2nd Street or Division Street
Rooms: 62
Bedrooms: 3
Bedrooms +: 0
Family Room: T
Basement: Full, Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1 Third Living Ro 3.28 3.28
Room 2 Third Great Roo 3.28 3.28
Room 3 Third Kitchen 3.28 3.28
Room 4 Third Bathroom 3.28 3.28
Room 5 Third Bedroom 3.28 3.28
Room 6 Upper Primary B 3.28 3.28
Room 7 Upper Bathroom 3.28 3.28
Room 8 Second Den 3.28 3.28
Room 9 Second Bathroom 3.28 3.28
Room 10 Second Office 3.28 3.28
Room 11 Second Other 3.28 3.28
Room 12 Main Other 3.28 3.28
Washroom Type No. of Pieces Level
Washroom Type 1 4 Third
Washroom Type 2 3 Second
Washroom Type 3 2 Upper
Washroom Type 4 2 Basement
Washroom Type 5 2 Basement
Washroom Type 6 4 Third
Washroom Type 7 3 Second
Washroom Type 8 2 Upper
Washroom Type 9 2 Basement
Washroom Type 10 2 Basement
Total Area: 0.00
Approximatly Age: 100+
Property Type: Detached
Style: 3-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 4
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 5000 +
Property Features: Arts Centre, Beach
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: Y
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: True
Sewers: Sewer
Utilities-Cable: A
Utilities-Hydro: Y
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$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $84,450 $168,900 $253,350 $337,800
First Mortgage $1,604,550 $1,520,100 $1,435,650 $1,351,200
CMHC/GE $64,182 $47,123.1 $40,198.2 $0
Total Financing $1,668,732 $1,567,223.1 $1,475,848.2 $1,351,200
Monthly P&I $8,234.89 $7,733.96 $7,283.04 $6,667.93
Expenses $0 $0 $0 $0
Total Payment $8,234.89 $7,733.96 $7,283.04 $6,667.93
Income Required $308,808.4 $290,023.6 $273,114.15 $250,047.29

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
CENTURY 21 ALL-PRO REALTY (1993) LTD.
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Wally Islam
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At a Glance:
Type: Freehold - Detached
Area: Northumberland
Municipality: Cobourg
Neighbourhood: Cobourg
Style: 3-Storey
Lot Size: x 135.91(Feet)
Approximate Age: 100+
Tax: $13,794
Maintenance Fee: $0
Beds: 3
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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