238 James Street East, 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 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).

(id:39198).