5 Dunning Drive, Cobalt, Ontario, P0J1C0
This lot in Cobalt is for sale. It has been on the market 19 days, fresher than the Cobalt average of 74 days.
$499,999
Cobalt
Exceptional opportunity to acquire vacant land in the heart of historic Cobalt! Featuring street exposure on three sides, 5 Dunning Drive offers a prominent setting for a future residential project/Houses/Condos/Long Term Care Centre. R3 zoning provides potential for residential development, subject to applicable holding provisions, municipal requirements and approvals. Potential lake views from the second storey and above, depending on building placement and design. The property offers convenient transit access with a bus stop at your doorstep. Explore the possibilities in this distinctive Northern Ontario community. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 19 days on market, against an average age of 74 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 86.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This vacant land in Cobalt has been listed for 19 days, which is 55 days fresher than the city average of 74. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $499,999, about 6.9× the local median household income of $72,500.
Carrying it typically needs a household income of about $97,667 (20% down, 25-yr amortization, stress-tested) — roughly 35% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0J)
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