$1,099,000

For sale

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835 Brook Road North, Cobourg - Vacant Land for Sale

835 Brook Road North, Cobourg, Ontario, K9A4J8

3 beds1 bath8 parking1.87 acres lotListed 20 days ago

Overview

This lot in Cobourg is for sale. It has been on the market 20 days, fresher than the Cobourg average of 80 days.

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Description

Zoned Development this rarely offered opportunity only comes around once every so often. Unlock the potential that awaits with this nearly 2-acre property in the growing, expanding and lucrative East End of Cobourg. Well maintained century home (no heritage designation) that provides a ton of character and charm. Perfect opportunity to tap into the massive development wave happening in the East end of Cobourg. This property is ready for sleek and savvy investors, builder or buyer looking to expand their current portfolio. Providing a seamless integration as you share a border with Tribute Homes' massive "Cobourg Trails" Phase 2. Natural Gas Available to House. 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. Purchase this property individually or seize the opportunity at hand with the South 1.5 Acre lot FOR SALE and ALSO Zoned Development (MLS# X138750707 OR X13875034). 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®: X14084154
Property Type: Vacant Land
Zoning: Development
Bedrooms: 3
Bathrooms: 1
Parking: 8
Lot Size: 1.87 acres
Frontage: 362 ft
Price per Acre: $587,702 per acre
Heating: Forced air, Other
Cooling: None
Property Tax: $5,191.61/yr
Listed: 20 days ago

Features

Appliances: Washer, Range, Dryer, Water Heater

Services

Water: Drilled Well

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Cobourg listings, avg age

80d

List price

$1.10M

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 vacant land in Cobourg has been listed for 20 days, which is 60 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 $1,099,000, about 13.4× the local median household income of $82,000.

Carrying it typically needs a household income of about $214,673 (20% down, 25-yr amortization, stress-tested) — roughly 162% 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)

$1,099,000

For sale

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Financing

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