1167 Division Street, Cobourg, ON K9A 0Z4

Property Description

Discover this Exceptional Mixed-Use Residential & Commercial Property - Endless possibilities! Rare opportunity here to acquire a substantial hidden gem investment, offering exciting potential for redevelopment and adaptive reuse. Ideally positioned with convenient access to Highway 401, hospital, etc. while enjoying the setting of a quiet location, this distinctive property sits on an impressive 192' x 143' lot with dual road frontage, a paved driveway and detached double garage. Zoned Mixed-Use Corridor MUC-7, the property offers an intriguing range of possibilities, subject to applicable approvals. Potential concept uses may include retirement living, mixed commercial and condominium development, a banquet hall, community centre, hotel, place of worship, private club, school and more. Adding immediate versatility is the impressive century home, offering over 3,000 sq. ft. of space and retaining much of its original character. Large principal rooms and beautiful wood flooring throughout the main level provide a wonderful foundation for renovation, continued residential use offering potential interim rental income while future plans are explored. The main floor features a kitchen, spacious living, dining and family rooms, laundry, a two-piece bath and sunroom. Upstairs are 3 generously sized bedrooms with good closet space and an oversized main bathroom. Whether you are an investor, developer, entrepreneur or visionary buyer, this is an opportunity to explore the endless possibilities of a substantial existing residence on a generous parcel in a well-positioned Cobourg location. Envision the potential. Create something distinctive. Invest in the future. All redevelopment concepts and potential uses are subject to zoning provisions, municipal approvals, servicing and other applicable requirements. All redevelopment concepts and potential uses are subject to zoning provisions, municipal approvals, servicing and applicable requirements.