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Property Description
Charming Historic Home with Income Property! Located in the heart of Cobourg, this enchanting circa-1850 home combines modern comfort with historical charm, just a short walk from the waterfront and downtown. The freshly updated interior welcomes you with a cozy living room and bright windows that overlook lush gardens. An open-concept kitchen and dining area provide a functional and inviting space, with sliding glass doors leading to a large deck and outdoor living space. The main floor laundry adds convenience. Outside, the lovingly tended gardens offer a colorful and private retreat with cultivated perennials. Upstairs, the home features three tranquil bedrooms and a beautifully updated bathroom. Bonus: An attached one-bedroom apartment serves as a separate dwelling, offering a steady income in Cobourg's high-demand rental market. This charming space includes a private main floor entry, a cozy living room with a gas fireplace, an open-concept kitchen, and a private yard with a patio. It is currently rented for $1,500 per month.
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
70' x 66'
Acreage
< .50
Fronting
West
Taxes
$3,906 (2024)
Basement
Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.98' x 11.98' | |
| Dining | Main | 9.19' x 11.98' | |
| Kitchen | Main | 9.19' x 11.98' | |
| Br | 2nd | 9.19' x 10.17' | |
| 2nd Br | 2nd | 8.86' x 10.83' | |
| 3rd Br | 2nd | 7.55' x 8.86' | |
| Bathroom | 2nd | 7.55' x 7.87' | 4 Pc Bath |
| Living | Ground | 13.12' x 13.78' | |
| Kitchen | Ground | 10.50' x 9.84' | Eat-In Kitchen |
| Br | Ground | 10.83' x 12.47' | |
| Bathroom | Ground | 5.91' x 6.23' | 3 Pc Bath |
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Cobourg Market Statistics
Cobourg Price Trend
249 Margaret St is a 3-bedroom 2-bathroom home listed for sale at $635,000, which is $65,000 (9.3%) lower than the average sold price of $700,000 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 3 bedroom home in Cobourg declined by $0 (0.0%) compared to the previous 30 day period (July 20 - August 18) and down $26,981 (3.7%) from the same time one year ago.Inventory Change
There were 27 3-bedroom homes listed in Cobourg over the last 30 days (August 19 - September 17), which is up 3.8% compared with the previous 30 day period (July 20 - August 18) and up 92.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Cobourg typically sold ($29,900) (4.3%) below asking price over the last 30 days (August 19 - September 17), which represents a $15,000 decrease compared to the previous 30 day period (July 20 - August 18) and $1,726 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Cobourg over the last 30 days (August 19 - September 17) stood at 85.2%, up from 50.0% over the previous 30 days (July 20 - August 18) and down from 757.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Cobourg stood at 25 days when successfully sold over the last 30 days (August 19 - September 17), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Rouge River Realty Ltd.
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