$519,000

For sale

478 Monk Street, Cobourg - Single Family for Sale

478 Monk Street, Cobourg, Ontario, K9A2T1

3 beds1 bath2 parking900 ft²51 × 100 ft (5,100 sq ft) lot sizeListed 17 days ago

Overview

This 3-bedroom, 1-bathroom home in Cobourg is for sale offering roughly 900 sq ft of space. Listed at $519,000, it is attractively priced about 28% below the $724,900 median asking price in Cobourg. It has been on the market 17 days, fresher than the Cobourg average of 80 days.

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Description

Location, Location, Location! Great Lake Views in South-West Cobourg. Discovering a corner lot with an unobstructed view of Lake Ontario out your front window is a true rarity. This 3-bedroom, 1-bath bungalow with a carport is a fantastic opportunity for investors, renovators, or anyone looking to build a custom dream home in one of Cobourg's finest neighborhoods. Steps from Tut Gutteridge Park, Monk's Cove, and community gardens, the location is second to none. Best of all, you are just minutes away from the vibrant downtown core and the beach. Live in it, rent it out, or transform it-properties with this view and potential do not come along often. Listen to the waves from your front yard and say hello to a wonderful community. Opportunities like this are few and far between. (id:66096)

Property Details

MLS®: X14097198
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 51 × 100 ft (5,100 sq ft)
Frontage: 51 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: Carport, No Garage
Ownership: Freehold
Property Tax: $3,944.16/yr
Listed

Rooms

Ground level

Living room: 3.4 x 7.4 meters
Kitchen: 3.4 x 2.4 meters
Bathroom: 1.6 x 2.4 meters
Primary Bedroom: 3.4 x 3.05 meters
Bedroom 2: 3.1 x 2.9 meters
Bedroom 3: 3.1 x 2.9 meters
Pantry: 1.8 x 2.7 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Dishwasher, Stove, Microwave, Window Coverings
Flooring: Hardwood, Linoleum
Foundation: Block
Exterior: Vinyl siding
Lot Features: Level lot, Flat site, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Cobourg listings, avg age

80d

Price / ft²

$577

List price

$519K

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 3-bed single family in Cobourg has been listed for 17 days, which is 63 days fresher than the city average of 80. Act while there is still low competition.

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Listed by Royal LePage ProAlliance Realty · Sue Morrow

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9A)

This home lists at $519,000, about 6.3× the local median household income of $82,000.

Carrying it typically needs a household income of about $101,379 (20% down, 25-yr amortization, stress-tested) — roughly 24% 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)

$519,000· $577/ft²

For sale

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Full Cost Breakdown

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Down Payment5.18% · $26,900

Min 5.18%50%

Mortgage payment$2,728/mo

↳ CMHC premium ($19,684 capitalized)

Property tax (est.)$329/mo

Total monthly$3,057

Cash Needed to Close

Down payment (5.18%)$26,900

Land transfer tax$6,855

Est. closing costs$4,057

Total cash needed$37,812

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