79 King Street W 10, Cobourg, ON K9A 2M4
Exceptional opportunity to own a prime Main Street commercial condo in the heart of a vibrant destination downtown shopping, dining, boutique tourist district. The unit features large Main Street display windows, excellent signage visibility, and a spacious front patio-perfect for seasonal dining.This is a high-exposure location. Formerly Tezca, a popular Mexican cantina style food & tequila/cocktail bar. (Photos are of former restaurant decor & set up. Now a blank slate for your ideas. ) Kitchen infrastructure in place, charming details such as Exposed Brick wall, with Lam flooring & PVC walled Kitchen for easy clean up. A versatile commercial unit ideal for restauranteurs or investors who wish to purchase as income property and rent out. Owner can remove kitchen equipment - flexibility to reconfigure for a variety of commercial uses if buyer prefers. Enjoy steady pedestrian and drive-by traffic in a lively area surrounded by patrons from professional offices, banks, and residential communities. Extensively upgraded within the last 5 years and fire-retrofitted, the property includes significant improvements to plumbing, electrical, HVAC systems, kitchen areas, and 2 washrooms, making it well-suited for immediate use or further customization or personalization. Located steps to the waterfront tourist district, beach, boardwalk, marina, and yacht club, drawing visitors and locals year-round. Conveniently positioned only 1 block from VIA Rail, providing easy access for commuters, staff, and tourists, 100 KM from Toronto. Additional basement storage (approx. 5 ft. height) included. Restaurant kitchen equipment, dining chattels, patio railings included. A rare chance to own a well-located commercial space in a thriving downtown destination-ideal for hospitality, retail, or conversion for professional office use. TMI Includes: Condo Fee $368.95/M Taxes $427/m all subject to HST Condo Fee Covers Water/Bldg Insurance/Common Elements Maintenance, Reserve Fund.
- MLS number
- X12908542
- Type
- Commercial Retail
- Status
- Active
- Bedrooms
- —
- Bathrooms
- 2
- Postal code
- K9A 2M4
- Photos
- 15
- Property tax
- $5,124 / year
This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Commercial Retail
- Class
- Commercial
- Age
- 6-15
- Community
- Cobourg
- Municipality
- Cobourg
- Cross street
- Third St And King St W
- Zoning
- Mc
Inside
- Bathrooms
- 2
- Washrooms
- 2
- Rooms
- 0
Parking
- Driveway spaces
- 0
Heating, cooling and services
- Heating
- Other
- Cooling
- Yes
- Water
- Municipal
- Sewer
- Sanitary
Listing
- MLS number
- X12908542
- Status
- Price Change
- Previous status
- New
- Listed on
- 2026-03-20
- Expires
- 2027-01-13
- Taxes
- $5,124 (2026)
- Board
- Central Lakes Association of REALTORS
Listing history
This address has been listed 2 times.
Where this home is
Where this address sits, matched against open government data.
Approximate — placed from the postal code, which can cover a block or more.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| St. Michael Catholic Elementary School Peterborough Victoria Northum Clarington CDSB | Elementary | 519 m | / 10 79% met the standard |
| C R Gummow Public School Kawartha Pine Ridge DSB | Elementary | 1.4 km | / 10 73% met the standard |
| Cobourg Collegiate Institute Kawartha Pine Ridge DSB | Secondary | 1.4 km | / 10 67% met the standard · 2 of 6 measures |
| Centre for Individual Studies Northumberland Kawartha Pine Ridge DSB | Secondary | 2.0 km | Not reported |
| Burnham Public School Kawartha Pine Ridge DSB | Elementary | 1.6 km | / 10 75% met the standard |
| St. Joseph Catholic Elementary School Peterborough Victoria Northum Clarington CDSB | Elementary | 2.2 km | / 10 63% met the standard |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 493 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35140157 — the few blocks around this address, home to 493 people. It describes the area, not this property.
Percentages are of the 325 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.