10 parking3,200 ft²34,848 sq ft (0.80 ac) lot sizeListed 10 days ago
Overview
This retail property in Cobourg is for sale offering roughly 3,200 sq ft of space. It has been on the market 10 days, fresher than the Cobourg average of 81 days.
A RARE COBOURG OPPORTUNITY - BIG LAND. BIG VISION. ENDLESS POSSIBILITIES! Some properties offer a home. Others offer the opportunity to create something extraordinary! Welcome to 1167 Division Street, a distinctive property featuring an impressive 192' x 143' lot, dual road frontage, a detached double garage and a substantial century home offering over 3,000 sq. ft. of existing space. Ideally located with convenient access to Highway 401 and nearby amenities, this is an exciting opportunity for investors, developers and entrepreneurs with vision. This hidden gem offers a Mixed-Use Corridor MUC-7 zoning! Subject to applicable approvals, imagine exploring concepts such as a retirement residence, condominium development, mixed commercial-residential building, community or private club, educational facility, banquet venue or boutique hotel. Picture a contemporary multi-storey building with balconies, landscaped outdoor spaces and thoughtfully designed parking. The possibilities invite imagination! There is value here today, too. The existing century home features generous principal rooms, beautiful wood flooring throughout the main level and a versatile layout. It offers potential for continued residential use or interim rental income while future plans are explored. LAND. LOCATION. EXISTING IMPROVEMENTS. DEVELOPMENT POTENTIAL. Whether you are planning your next investment, exploring redevelopment or seeking a property with room to think beyond the ordinary, this is an opportunity worth investigating. Bring your vision. Explore the possibilities. Shape the future. All potential uses and redevelopment concepts are subject to zoning provisions, municipal approvals, servicing, parking and other requirements. (id:66096)
Property Details
MLS®
X14116494
Property Type
Retail
Zoning
R2
Parking
10
Interior Size
3,200 ft²
Lot Size
34,848 sq ft (0.80 ac)
Frontage
141 ft
Building Area
3,200 ft²
Cooling
None
Property Tax
$5,228.29/yr
Listed
10 days ago
Features
Appliances
Blinds, Window Coverings, Water Heater
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
10d
Cobourg listings, avg age
81d
Price / ft²
$375
List price
$1.20M
Active: 10 days on market, against an average age of 81 days across the listings currently for sale in this city
Market timing · days on market0 → 81d avg age of current listings
Active · day 10
Homes here sell close to asking price
Homes in this market sold for an average of 97.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
Haho
This retail in Cobourg has been listed for 10 days, which is 71 days fresher than the city average of 81. Act while there is still low competition.
Listed by Royal LePage ProAlliance Realty · Anita Friedrich
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (K9A)
This home lists at $1,200,000, about 14.6× the local median household income of $82,000.
Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 186% above the area median.
Median household income
$82,000
Population
26,757
Median age
53.2
Owner / renter
74% / 26%
Avg. household size
2.3
Source: Statistics Canada, 2021 Census (FSA K9A)
$1,200,000· $375/ft²
For sale
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Financing
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