Property Description

Welcome to a piece of Cobourg’s rich history, meticulously transformed into an investment opportunity of a lifetime. Initially built in 1956 by the First Baptist congregation, this building’s journey is extraordinary.

A Legacy of Evolution

From its humble beginnings as a cherished place of worship to housing a daycare and later a vibrant Coffee House for teens, this building’s walls hold countless memories. The Free Methodist Church later took the reins, nurturing families in its embrace. 1998, a new chapter began when Dave and Kathy saw its potential, culminating in a visionary renovation from 1999 to 2000.

A Masterful Transformation

The building’s shell provided the canvas for an extraordinary rebirth. Every primary system, from wiring to plumbing and ducting, was meticulously replaced, ensuring seamless function and contemporary comfort. Two existing furnaces found new purpose and, in 2022, were upgraded to high-efficiency units.

A Haven of Modern Comforts

Every unit within this historical edifice boasts:

• In-Suite Washer & Dryer
• High-Efficiency Gas Furnace with Individual Meters
• Electric Hot Water Tank (Units 2 & 3 Rental, Units 1 & 4 Owned)
• Individual 100 Amp Service with In-Unit Panel and Individual Meters
• Separate Entrances, Preserving Privacy and Independence

The Grandeur of Unit 1 – 3 Bedrooms 2 washrooms (2083 sq ft)

Step into the largest unit, a sprawling loft primary suite with up to three bedrooms. Unique features like multiple ceiling heights, skylights, and solid oak flooring add character. A well-appointed kitchen with a gas range and two sinks, a main-floor bedroom with a Murphy Bed, future gas fireplace hook up and a loft bedroom complete this unit.

Unit 2: A Versatile Canvas – 2 bedrooms 2 washrooms (1374 sq ft)

Currently operating as a hair studio, this unit offers either two bedrooms or a one-bedroom with a den. The loft primary suite overlooks the living room and foyer, and a gas line is in place for a future fireplace.

Unit 3: A Lower-Level Oasis – One bedroom one washroom (1042 sq ft)

With a private entry from the back parking lot, this unit boasts a large bedroom, a gas fireplace, and modern amenities. A versatile space awaiting your personal touch.

Unit 4: Cozy Comfort Below – One Bedroom one washroom (648 sq ft)

This one-bedroom lower-level suite exudes comfort, with a private entrance and patio area. A gas fireplace and furnace guarantee warmth on chilly evenings.

Investor’s Dream, Multigenerational Haven

This property is a golden opportunity for investors seeking to expand their portfolio or homeowners looking to offset their mortgage. With separate entrances and distinct units, living with extended family has never been more accommodating.

A Community to Call Home

Situated in the heart of Cobourg, the property offers the perfect blend of tranquillity and convenience. Local amenities, parks, and the waterfront are a leisurely stroll away.

Seize this rare opportunity to own a piece of Cobourg’s history reimagined for modern living. Contact us today to schedule a private viewing of 131 King Street East. This is not just a property; it’s a testament to the art of transformation.

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