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Property Description
Circa 1881 3+1 BR 2 Bath Historic home located Downtown Cobourg. Home enters from the East side of the house ~ with a sun porch and kitchen that greets the morning sunrise. A good layout with lots of space. A nice big back deck for enjoying outdoors which backs onto a large parking lot & event hall behind that is only used occasionally for charitable events. Most oven you get to enjoy privacy in a quiet back yard & deck with nobody living behind. This starter family home (or investment property for rentals) is a close walking distance to all that makes Cobourg a desired place to live, work or invest in. Incredible value. This is conveniently located providing ample room for families or friends while easy to maintain. Offering a chance for those seeking opportunity for homeownership instead of renting. Investors will appreciate the space & location to attract a desirable tenant. Situated in a great area, on bus routes & near schools & shopping amidst renovated Vintage & Character Homes. Walking distance to all commercial conveniences & downtown Tourist area or beaches, parks, playgrounds, dog park, harbourfront, marina. Freshly painted with newer bath fixtures, appliances & some newer flooring. Do not hesitate to take advantage of this fantastic chance at home-ownership or investment in the growing town of Cobourg 100 km to Toronto. The 401 & VIA Station is 1 block away 100KM to Toronto for commuters or day trips to the city. The Bowmanville GO Station to be completed soon is approx. 20km away. This is a chance for Vacant possession to move in now or to rent out just before winter to start earning income. Locate your home and investment well in a transitioning area of Cobourg a short stroll to all the charming Downtown.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-15 | 2024-07-31 | 167 | $389,000 | - | Expired |
| 2023-11-24 | 2024-03-31 | 130 | $2,500 | - | Expired |
| 2023-11-24 | 2024-03-31 | 130 | $2,500 | - | Expired |
| 2024-01-09 | 2024-02-13 | 35 | $355,000 | - | Terminated |
| 2023-09-19 | 2023-11-25 | 67 | $399,900 | - | Suspended |
| 2023-07-31 | 2023-09-12 | 43 | $479,900 | - | Suspended |
| 2023-03-22 | 2023-07-13 | 115 | $479,900 | - | Expired |
| 2022-07-20 | 2022-10-31 | 59 | $509,900 | - | Expired |
| 2022-04-12 | 2022-07-20 | 99 | $539,999 | - | Terminated |
| 2023-03-22 | 2023-07-20 | 123 | $479,900 | - | Expired |
| 2023-03-22 | 2023-07-13 | 115 | $479,900 | - | Expired |
| 2023-03-22 | 2023-07-13 | 116 | $479,900 | - | Expired |
| 2021-04-22 | 2021-07-31 | 35 | $399,000 | - | Expired |
| 2022-07-20 | 2022-10-31 | 59 | $509,900 | - | Expired |
| 2022-04-12 | 2022-07-20 | 99 | $539,999 | - | Terminated |
| 2022-07-20 | 2022-10-31 | 59 | $509,900 | - | Expired |
| 2022-04-12 | 2022-07-20 | 99 | $539,999 | - | Terminated |
| 2021-04-22 | 2021-07-31 | 35 | $399,000 | - | Expired |
| 2022-07-20 | 2022-09-11 | 53 | $509,900 | - | Suspended |
| 2022-08-05 | 2022-08-30 | 27 | $2,775 | $2,700 | Leased |
| 2022-04-12 | 2022-07-13 | 92 | $539,999 | - | Expired |
| 2021-04-19 | 2021-05-24 | 35 | $399,000 | - | Suspended |
| 2020-12-21 | 2021-03-31 | 100 | $599,900 | - | Expired |
Extras
All Appliances All ELF
Property Features
Hospital, Library, Public Transit, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
80' x 40'
Acreage
< .50
Fronting
South
Taxes
$3,446 (2024)
Basement
Crawl Space, Unfinished
Exterior
Alum Siding, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 0.98' x 0.98' | |
| Living | Main | 0.98' x 0.98' | |
| Dining | Main | 0.98' x 0.98' | |
| Office | Main | 0.98' x 0.98' | |
| Bathroom | Main | 8.60' x 6.00' | |
| Prim Bdrm | 2nd | 13.85' x 11.25' | |
| Br | 2nd | 0.98' x 0.98' | |
| 2nd Br | 2nd | 10.07' x 9.74' | |
| 3rd Br | 2nd | 10.07' x 9.91' | |
| Other | Main | 3.28' x 3.28' |
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Cobourg Market Statistics
Cobourg Price Trend
267 UNIVERSITY Ave W is a 4-bedroom 2-bathroom home listed for sale at $515,000, which is $320,000 (38.3%) lower than the average sold price of $835,000 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 4 bedroom home in Cobourg increased by $102,500 (14.0%) compared to the previous 30 day period (August 18 - September 16) and up $386,750 (86.3%) from the same time one year ago.Inventory Change
There were 7 4-bedroom homes listed in Cobourg over the last 30 days (September 17 - October 16), which is down 58.8% compared with the previous 30 day period (August 18 - September 16) and down 36.4% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Cobourg typically sold ($14,900) (1.8%) below asking price over the last 30 days (September 17 - October 16), which represents a $2,950 decrease compared to the previous 30 day period (August 18 - September 16) and ($10,400) 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 4-bedroom homes in Cobourg over the last 30 days (September 17 - October 16) stood at 71.4%, up from 11.8% over the previous 30 days (August 18 - September 16) and down from 145.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Cobourg stood at 14 days when successfully sold over the last 30 days (September 17 - October 16), compared to 86 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 All-Pro Realty (1993) Ltd.
Similar Listings
Calling all First time Home Buyers and Investors. This 3 bedroom, 1 1/2 Bath home offers incredible potential. Currently occupied by a reliable tenant, this is a perfect addition to your portfolio. This is a great starter home, conveniently located near amenities such as shopping, schools and parks. Recently remodeled Primary Bathroom on second level and all new flooring on upper level with a brand new set of stairs and railings. This property does need a little TLC, so bring your tools and ideas to turn this home into a profitable venture. Easy access to Hwy 401 makes this a great location for commuters.
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