N/A ELGIN Street, Cobourg, Ontario, K9A1A1




$1,900,000
Cobourg
Spanning approximately 2.6 acres, this outstanding parcel of nicely treed vacant land is located in the thriving north-east quadrant of the historic Town of Cobourg. The site is on the sunny side of Elgin St. East and offers a rare blend of clear exposure, easy accessibility and adaptability, and is ideally positioned for the creation of a multi-level, multi-unit residential complex. The property's convenient location ensures close proximity to all the amenities Cobourg has to offer, making it a practical and strategic choice for a future residential development. Attention Builders and Developers, if you're searching for a special site to develop that special project you've been dreaming about, this parcel offers potential galore. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 105 days on market, against an average age of 80 days across the listings currently for sale in this city
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.
This vacant land in Cobourg is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,900,000, about 23.2× the local median household income of $82,000.
Carrying it typically needs a household income of about $371,137 (20% down, 25-yr amortization, stress-tested) — roughly 353% above the area median.
Source: Statistics Canada, 2021 Census (FSA K9A)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →Before you offer on a development site, know what you can build. PreBuildIQ delivers zoning verdicts and required study scopes for any Ontario address in 60 seconds.
Check your site with PreBuildIQ →