$559,000

For sale

371 John Street, Cobourg - Single Family for Sale

371 John Street, Cobourg, Ontario, K9A3T4

5 beds2 baths2 parking1,300 ft²35 × 156 ft (5,460 sq ft) lot sizeListed 133 days ago

Overview

This 5-bedroom, 2-bathroom home in Cobourg is for sale offering roughly 1,300 sq ft of space. Listed at $559,000, it is attractively priced about 23% below the $724,900 median asking price in Cobourg.

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Description

What if homeownership could be shared without sacrificing your own private living space? This renovated Cobourg duplex presents an exciting opportunity for two friends, siblings or family members to purchase together, with each co-owner occupying a separate, self-contained unit. Combining resources may help qualified buyers share the down payment, mortgage and ownership expenses while enjoying the independence of their own living space. Located steps from downtown Cobourg and the beach, the property features two updated units, separate hydro meters, separate furnaces and central air conditioning, a low-maintenance stucco exterior, long-life shingles and parking for two vehicles. An excellent option for co-ownership, multi-generational living or investment. Sold under one title. Co-ownership is subject to lender approval and independent legal, financial and tax advice. (id:66096)

Property Details

MLS®: X13493110
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 35 × 156 ft (5,460 sq ft)
Frontage: 35 ft
Storeys: 1
Basement: Finished, Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,766/yr
Listed: 133 days ago

Rooms

Main level

Foyer: 3.55 x 1.37 meters
Bathroom: 2.5 x 1.83 meters
Living room: 4.7 x 3.15 meters
Dining room: 1.84 x 3.51 meters
Kitchen: 1.71 x 3.51 meters
Primary Bedroom: 3.02 x 3.29 meters
Bathroom: 1.56 x 2.15 meters
Living room: 3.66 x 5.95 meters
Kitchen: 3.66 x 4.2 meters

Lower level

Bedroom: 3.38 x 2.99 meters

Features

Appliances: Dryer, Two stoves, Two Washers, Two Refrigerators
Foundation: Stone, Block
Exterior: Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

133d

Cobourg listings, avg age

80d

Price / ft²

$430

List price

$559K

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 5-bed single family in Cobourg is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by COLDWELL BANKER - R.M.R. Real Estate · Paul Lang

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9A)

This home lists at $559,000, about 6.8× the local median household income of $82,000.

Carrying it typically needs a household income of about $109,192 (20% down, 25-yr amortization, stress-tested) — roughly 33% 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)

$559,000· $430/ft²

For sale

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Full Cost Breakdown

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Down Payment5.53% · $30,900

Min 5.53%50%

Mortgage payment$2,928/mo

↳ CMHC premium ($21,124 capitalized)

Property tax (est.)$314/mo

Total monthly$3,242

Cash Needed to Close

Down payment (5.53%)$30,900

Land transfer tax$7,655

Est. closing costs$4,177

Total cash needed$42,732

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