Listed by Re/Max Jazz Inc..

238 James Street E is a Detached, 2-Storey and is currently for Sale @ $1,325,000. Taxes in 2025 were $8,033.85.

More homes for sale under 1.3M in 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. The 2-Storey on 238 James Street E has 7 bedrooms, 6 bathrooms, and is located on a 190 x 66 ft lot in the community of Cobourg . 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 4 two-bedroom units, one one-bedroom unit, 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.

6 fridges, 6 stoves

The address 238 James Street E was listed for sale (MLS# X13019912) on Monday, April 20, 2026.