Homula Realty Brokerage
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422 W King Street W, Cobourg, ON K9A 2N7

Commercial Retail
$1,350,000

This Property offers excellent potential in High Traffic Location, an apartment building directly across the street provides consistent customer flow. The business benefits from peak activity during the summer months with a public beach located approximately 500 yards away. This well established operation attracts a steady stream of Buyers and customers flow. The owner has completed full renovations and there is no outstanding work. The business generates approximately over $200,000 a year offering an affordable turnkey opportunity. Please do not approach staff directly.

MLS number
X13740460
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K9A 2N7
Photos
29
Property tax
$11,691 / year
9days · this listing
37days · this property (2 listings)

This home has been listed 2 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

37 days on the market across 2 listings
This listing shows 9 days on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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.

SchoolLevelDistanceRating
Burnham Public School
Kawartha Pine Ridge DSB
Elementary787 m7.5 / 10
75% met the standard
Notre Dame Catholic Elementary School
Peterborough Victoria Northum Clarington CDSB
Elementary1.1 km8.3 / 10
83% met the standard
St. Michael Catholic Elementary School
Peterborough Victoria Northum Clarington CDSB
Elementary1.3 km7.9 / 10
79% met the standard
Terry Fox Public School
Kawartha Pine Ridge DSB
Elementary2.3 km7.1 / 10
71% met the standard
C R Gummow Public School
Kawartha Pine Ridge DSB
Elementary2.5 km7.3 / 10
73% met the standard
Cobourg Collegiate Institute
Kawartha Pine Ridge DSB
Secondary2.5 km6.7 / 10
67% met the standard · 2 of 6 measures
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

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 497 people.

$82,000Median household income
74.4%Own their home
78.6%Detached houses
48.4Median age
7%Born outside Canada
5.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35140210 — the few blocks around this address, home to 497 people. It describes the area, not this property.

497Population
44.9Average age
2.3Household size
$95,000Average household income
$82,000Median household income
74%Own their home
26%Rent
0%Condominiums
7%Born outside Canada
6%University degree
$540,000Average home value
6%Low income
60%Not in the labour force
22%Never married
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9994%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,99911%
$60,000 to $69,9997%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over28%
$100,000 to $124,99911%
$125,000 to $149,9996%
$150,000 to $199,9996%
$200,000 and over4%

Percentages are of the 270 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.

$270,000 · minimum here is $110,000
$5,977.51per month
Borrowed before insurance$1,080,000
Total borrowed$1,080,000
Interest over 25 years at 4.5%$713,252

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.

-$4,701.76per month out of pocket
Rent$2,250.00
Everything it costs to hold$6,951.76
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.

Listed by HOMELIFE/CHAMPIONS REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.