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1532 Ontario St 2,841 SF 100% Leased Office Building Cobourg, ON K9A 0Y8 $554,120 USD ($195.04 USD/SF) 7% Cap Rate
Executive Summary
A great commercial investment opportunity in a high traffic location just north of Cobourg. This well-maintained property is fully leased to a long-term tenant, offering stable income in a highly visible corridor. The building contains approximately 2,800 square feet of fully renovated space, including modern reception, private offices, boardroom, open concept offices, a kitchenette, plus ample storage, and a two piece washroom. An attached garage and workshop with soaring ceilings, built in shelving, and interior access provides additional flexibility and long-term value. The entire interior has been completely renovated since 2021, resulting in a modernized and refreshed space that supports strong tenant retention. Additional exterior pot lighting (2021), gas heating (2007), central air conditioning (2011), and updated electrical panel (2007), R 40 attic insulation, and updated north side windows (2016). A excellent addition to a commercial portfolio, renovated, leased and ready to earn!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,841 SF
Year Built/Renovated
1960/2016
Price
$554,120 USD
Price Per SF
$195.04 USD
Cap Rate
7%
NOI
$38,788 USD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
2,841 SF
Zoning
CH
Amenities
- Reception
- Storage Space
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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1532 Ontario St
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