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31 King Street E

Cobourg, Cobourg, K9A 1K6

$988,000

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Listed 149 days ago · MLS® X13166864

About this home

AMAZING INVESTEMENT OPPORTUNITY FOR INVESTORS AND END USER!! Ground floor restaurant, could be available for Lease. 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.

Details

Type
Commercial Retail
Lot
33.04 × 165.02 ft
Garage
None
Property tax
$13,023 (2026)
Neighbourhood
Cobourg
Municipality
Cobourg

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Partial
Utilities
Yes

Building and exterior

Building area
5,457 Square Feet

More

Possession
TBD
Cross street
East of Division Street

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 3 grocery stores, 24 cafés and restaurants, 4 parks, 3 pharmacies. Nearest grocery: The Market & Smør (50 m). Nearest park: Victoria Park (250 m).

Schools nearby

Elementary

  • St. Michael Catholic Elementary School Catholic
    EQAO: Gr 6 reading 94%, math 44%    9 min walk
  • C.R. Gummow Public School
    EQAO: Gr 6 reading 89%, math 53%    15 min walk
  • Merwin Greer School
    EQAO: Gr 6 reading 80%, math 35%    1.9 km
  • Burnham Public School
    EQAO: Gr 6 reading 81%, math 56%    2.0 km

Secondary

  • Cobourg Collegiate Institute
    EQAO: Gr 9 math 53%, literacy test 81%    15 min walk
  • Northumberland Centre for Individual Studies1.9 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K9A

Owners / renters
74% / 26%
Median household income
$82,000
Average age
49
Children under 15
13%
Homes
65% detached, 3% high-rise
Commute by transit
1%
Population
26,757

Languages spoken most at home besides English: Arabic 0.3%, Korean 0.2%, Mandarin 0.1%, Tagalog (Pilipino, Filipino) 0.1%.

Safety

Crime Severity Index for Cobourg police: 85 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by REAL BROKER ONTARIO LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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