238 James Street E, Cobourg, ON, K9A 1H7

Property Details: - Type: Detached - Bedrooms: 6 - Bathrooms: 6 - MLS#: X13019912 Listed By: RE/MAX JAZZ INC.

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). This detached home located at 238 James Street E, Cobourg is currently for sale and has been available on Zolo.ca for 7 days. This property is listed at $1,325,000 with an estimated mortgage of $4,877* per month. It has 6 beds, 6 bathrooms, and is 3500-5000 square feet. 238 James Street E, Cobourg is in the Cobourg neighborhood Cobourg. Rural Hamilton, OT Other and Baltimore are nearby neighborhoods.