238 James Street E, Cobourg, ON K9A 1H7
Cobourg
Rare opportunity to acquire a well-maintained 6-unit multi-residential asset in the heart of Cobourg-an ideal entry point for investors looking to step into commercial real estate with confidence. Situated on a generous 66 x 190 ft lot, this property offers ample on-site parking and strong curb appeal, supporting long-term tenant retention and ease of management. The building features over 5,000 sq ft of (above and below grade) finished space as per MPAC, with a unit mix that has consistently delivered stable income. This building consists of 3 two-bedroom units, 2 one-bedroom unit2, and one bachelor unit. Current tenants are reliable, pay on time, and take pride in their homes-an often overlooked but critical component of a successful investment. Two units have been recently updated, offering a blend of improved rental potential and future upside. As tenancies turn over, there is clear opportunity to bring rents to market levels, strengthening overall cash flow and increasing long-term asset value. The property has been well cared for, creating a low-maintenance profile for an incoming investor. Located in a desirable area of Cobourg, close to amenities, transit, and the waterfront, this asset benefits from strong rental demand and long-term growth fundamentals. Whether you're expanding your portfolio or acquiring your first multi-unit property, this is a strategic opportunity to secure a stable, income-producing asset with built-in upside in a high-demand market. Currently the property is professionally managed - management company is willing to continue to manage for 8% with 3 months free (effective 6% for the first year).
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 238 James Street E, Cobourg, ON K9A 1H7
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MLS# X13019902
Listed by RE/MAX Jazz INC.
On market since Apr 20, 2026
238 James Street E, Cobourg, ON K9A 1H7 is listed for $1,250,000 CAD.
238 James Street E, Cobourg, ON K9A 1H7 has 6 bathrooms.
238 James Street E, Cobourg, ON K9A 1H7 is a Investment, 12,540 sq ft.
238 James Street E, Cobourg, ON K9A 1H7 is in Cobourg, Ontario.
238 James Street E, Cobourg, ON K9A 1H7 is currently for sale.
Contact Michael Mezheritsky to arrange a private showing of 238 James Street E, Cobourg, ON K9A 1H7 (MLS# X13019902). You can also send a message through the contact form on this site.
