$1,689,000
10.39 BTC
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40 King Street, Cobourg
$1,689,000
PRICE
3
BEDROOMS
5
BATHROOMS
X12172075
MLSID

40 King Street, Cobourg

A Downtown Legacy building Masterpiece! Live above your business. Work below your home. Whether you're a creative entrepreneur, urban professional, or investor, this is an exceptional opportunity to own a turnkey property in vibrant tourist & cultural corridors. Live. Work. Host. Invest. It's all here just steps to the Esplanade, Boardwalk, Marina, Beach, Farmers Market, Restaurants. VIA station 1 BLK & 100km to Toronto for commuting to this staycation hotspot. A Fabulous Lifestyle Awaits! A spectacular c.1870s 4-storey brick building offering a rare opportunity in the heart of the downtown heritage district. Fully Renovated, Mixed-use residential/commercial property seamlessly blends luxury, character, & income potential. 3+ BRs 5 Baths. Private Lift style Elevator. Rooftop Terrace. Live Above It All. A 3rd flr living area features a spacious north-facing living room with glass doors opening onto an 800 sq ft rooftop terrace (new railings). The home component is an entertainers dream with city views & steps to the lake breezes. South-facing views showcase the iconic Victoria Hall & charming heritage streetscape. Mindful renovations throughout include: Solid Canadian Maple Hardwood flooring, soaring vaulted ceilings, custom, classic & contemporary Kitchen. Spa-inspired baths, Arched Heritage windows, Slider Barn Doors, & Built-in Cabinetry. Bedrooms: A spacious 3rd flr BR with 4-piece Bath. Apartment-sized 4th floor loft Primary Suite with Ensuite Bath/Laundry combo & Walk In Closet. Potential for additional Bedrooms on 2nd flr in the studio/office level that has a 3pce Bath. Commercial Unit: Immaculate 2000+ MN FL Retail Storefront space with street access + pristine basement level with ample storage & staff rooms + 2pce Bath & janitorial sink closet. Zoning allows for Res/Com use. Ideal for Live/Work, B&B, or Boutique Hotel conversion. 5 entrances, 3 staircases, personal lift/elevator to 3rd floor. *Ask for detailed Feature Sheet & Floor Plans *
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Summary

Address
40 King Street
Community
MLSID
X12172075
Property Type
Detached
Property Category
Bedrooms
3
Bathrooms
5
Kitchens
1
Zoning
MC-4
Taxes (Annual)
$13,794.00
Tax Year
2024
Published
May 25, 2025
Days on Market
83 Days
Possession Type
Flexible
Possession Details
Tb
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Inclusions

All SS Appls. Heat Cooling Wall unit. Gas Furnace/A/C. Lift. Maple Hardwood Floors, Vaulted Ceiling, Pot Lights, Fans, Contemporary Kitchen & Baths, B/in Cabinets. Warehouse Space on 2nd Fl. Office/Studio. Central Vac. & Components. See Floor Plans for all finished areas

Exclusions

All Commercial Fixtures & Shelving, POS system, Camera System, Anti-Theft System, Retail Counter, Chairs, Tables, Desk Current Inventory approx. $97,500 (fluctuates & list to be provided) as part of the Business.

Details

Property Features
Arts Centre, Beach, Marina, Public Transit, Park, Waterfront
Bathroom 1
4-Piece Third Level
Bathroom 2
3-Piece Second Level
Bathroom 3
2-Piece Upper Level
Bathroom 4
2-Piece Basement Level
Bathroom 5
2-Piece Basement Level
Parking Spaces
4
Parking Total
4
Parking Features
Private
Architectural Style
3-Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
30 Feet
Lot Depth
136 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Owner
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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