131 King Street East presents a unique opportunity in the heart of downtown Cobourg. Originally built as a Baptist church in 1956, this historically significant structure has been thoughtfully repurposed into a legal fourplex, blending old-world character with modern functionality. The property consists of two loft-style main-level units and two lower-level units, each self-contained with separate entrances, offering flexibility for investors or multi-generational living. The building boasts a full-brick exterior and classic architectural features, complemented by updated paint and finishes throughout. With a generous lot that includes rare on-site parking for up to six vehicles, this investment property provides convenience while maintaining charm. Located within walking distance to Cobourg Beach, the marina, shops, cafes, and amenities, the property offers strong short-term rental potential or stable long-term income. Ideal for buyers seeking a character asset with steady revenue or redevelopment prospects, this address delivers prime positioning in a vibrant and historic lakeside community.