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 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).
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# X13019912
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 9 bedrooms and 6 bathrooms.
238 James Street E, Cobourg, ON K9A 1H7 is a Detached.
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 at +1 (416) 716-4439 to arrange a private showing of 238 James Street E, Cobourg, ON K9A 1H7 (MLS# X13019912). You can also send a message through the contact form on this site.
