$575,000

For sale

#402 1 Queen Street, Cobourg - Single Family for Sale

#402 1 Queen Street, Cobourg, Ontario, K9A1M8

2 beds2 baths1 parking1,300 ft²$766/mo condo feeListed 22 days ago

Overview

This 2-bedroom, 2-bathroom condo in Cobourg is for sale offering roughly 1,300 sq ft of space. Its $575,000 asking price sits right in line with the $575,000 median in Cobourg. It has been on the market 22 days, fresher than the Cobourg average of 80 days.

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Description

Space, natural light and an exceptional downtown location come together at Suite 402 at 1 Queen Street. Offering more than 1,200 sq. ft. in Cobourg's sought-after waterfront district, this thoughtfully updated two-bedroom, two-bathroom condo provides the comfort and roominess often missing from newer buildings. Expansive windows and an eastern exposure fill the spacious living and dining area with light while offering beautiful views overlooking Victoria Park. The recently renovated kitchen features crisp white cabinetry, beautiful backsplash and sleek stone countertops. The generous primary bedroom includes a remarkably large walk-in closet and private ensuite, while the second bedroom and full bathroom provide comfortable space for guests. Freshly painted throughout, the suite also features updated light fixtures, fresh bedroom carpeting and a recently purchased in-suite washer/dryer combination unit. An exclusive garage parking space with additional storage is included. Walk to Victoria Beach, the marina, waterfront trails, downtown shops, cafs and restaurants. Enjoy the space you want with the lock-and-leave lifestyle you've been looking for. Quick closing is available. *Some photos have been virtually staged. (id:66096)

Property Details

MLS®: X14030732
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Condo Fee: $766/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $4,109.26/yr
Listed: 22 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Exterior: Brick
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Cobourg listings, avg age

80d

Price / ft²

$442

List price

$575K

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 2-bed single family in Cobourg has been listed for 22 days, which is 58 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. · Robyn Mumford

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9A)

This home lists at $575,000, about 7.0× the local median household income of $82,000.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 37% 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)

$575,000· $442/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$342/mo

Condo fee$766/mo

Total monthly$4,116

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$7,975

Est. closing costs$4,225

Total cash needed$44,700

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