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238 James Street E in Cobourg has been sold

MLS #:
X13019912
Type:
Detached, 2-Storey
Approx. SQFT:
3500-5000
Basement:
Apartment, Finished
6+3 6+3
66 x 190 ft lot
PROPERTY HISTORY
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Exp N/A N/A N/A
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 units, 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 ahigh-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).

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  • Date Listed: Monday, April 20, 2026
  • Listing Brokerage: Re/Max Jazz Inc. - Disclaimer: The information contained in this listing has not been verified by Re/Max Jazz Inc. and should be verified by the buyer.
  • Virtual Tour: View Virtual Tour for 238 James Street E
  • City: Cobourg

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  • Neighbourhood: Cobourg
  • Major Intersection: JAMES ST E / D'ARCY
  • Full Address: 238 James Street E, Cobourg, K9A 1H7, Canada, ON, Canada
  • Amenities:
  • Taxes: $8,033.85 (2025)