Part 1 Mathew Street, Cobourg - Vacant Land for Sale

Part 1 Mathew Street, Cobourg, Ontario, K9A3E6

0 bathsListed 6 days ago

Overview

This lot in Cobourg is for sale. It has been on the market 6 days, fresher than the Cobourg average of 80 days.

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Description

DOWNTOWN COBOURG DEVELOPMENT OPPORTUNITY! A rare opportunity to build in the heart of Downtown Cobourg! This R4-zoned development lot offers the potential to build up to 4 residential units, making it an excellent opportunity for builders, investors, or developers. The lot already has municipal sewer, water & hydro at the lot line, helping streamline the development process. Approved for building with severance and rezoning completed in 2025, much of the groundwork is already in place to move forward. Park Levy fee's already paid & lot has a $20,000 Development Charge Credit - a valuable reduction in development-related fees. Ideally located close to everything Downtown Cobourg has to offer, including the beach, marina, restaurants, shopping, parks and downtown amenities. A fantastic opportunity to build new residential units in one of Cobourg's most convenient locations. Renderings were completed for severance to highlight streetscape. (id:66096)

Property Details

MLS®: X14128594
Property Type: Vacant Land
Zoning: R4
Bathrooms: 0
Frontage: 18 m
Listed: 6 days ago

Features

Lot Features: Flat site

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

Cobourg listings, avg age

80d

List price

$499K

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 6 days, which is 74 days fresher than the city average of 80. Act while there is still low competition.

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Listed by RE/MAX Rouge River Realty Ltd. · Adrian Pepper

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9A)

This home lists at $499,000, about 6.1× the local median household income of $82,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 19% 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)

$499,000

For sale

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Financing

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