$949,000

For sale

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833 Brook Road North, Cobourg - Vacant Land for Sale

833 Brook Road North, Cobourg, Ontario, K9A4J8

1.50 acres lotListed 27 days ago

Overview

This lot in Cobourg is for sale. It has been on the market 27 days, fresher than the Cobourg average of 80 days.

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Description

Perfect opportunity to tap into the massive development wave happening in the East of Cobourg, in one of the most opportunistic times. This prime 1.5 acres perfectly ZONED DEVELOPMENT is ready for a sleek and savvy investor, builder or buyer looking to expand their current portfolio and to seize the opportunity that presents itself with this phenomenal Brook Road North plot. Providing a seamless integration as you share a border with Tribute Homes' massive "Cobourg Trails" Phase 2. Complete with a planned road connection right to your western boundary allowing for some shared access to this incredible community. Forget about utility headaches or concerns as this property sits right next to the massive, provincially funded "Housing-Enabling Water Systems Fund" with the overhauls and implementation of the trunk servicing upgrades providing the ease of town water and sewer services. Wonderfully positioned in "Ontario's Feel-Good Town" to be moments away from highway 401, Cobourg's wonderful beach, downtown core, shopping, hospital, marina, boardwalks, schools, parks, shopping, Lake Ontario and so much more!!! (id:66096)

Property Details

MLS®: X13875070
Property Type: Vacant Land
Zoning: Development
Lot Size: 1.50 acres
Frontage: 206 ft
Price per Acre: $632,667 per acre
Property Tax: $887.67/yr
Listed: 27 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Cobourg listings, avg age

80d

List price

$949K

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 vacant land in Cobourg has been listed for 27 days, which is 53 days fresher than the city average of 80. Act while there is still low competition.

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Listed by Exp Realty · Ryan Huffman

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9A)

This home lists at $949,000, about 11.6× the local median household income of $82,000.

Carrying it typically needs a household income of about $185,373 (20% down, 25-yr amortization, stress-tested) — roughly 126% 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)

$949,000

For sale

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Financing

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