394 Ontario St

Cobourg, Cobourg, K9A 3B8
FOR SALE
$630,000
394 Ontario St, Cobourg
394 Ontario St
394 Ontario St
394 Ontario St
394 Ontario St
394 Ontario St
394 Ontario St
394 Ontario St
394 Ontario St
394 Ontario St
394 Ontario St
394 Ontario St
394 Ontario St
394 Ontario St
394 Ontario St
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2 + 1
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
5 + 3
ROOMS
X9269516
MLSID
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Property Description
Exceptional Investment Opportunity! This centrally situated raised bungalow is a prime choice for savvy investors and first-time homebuyers alike. The upper Unit features 2 generous bedrooms, a modern 4- piece bathroom with in-unit laundry, an upgraded kitchen boasting a cathedral ceiling, and a bright living/ dining space. Step outside onto the deck and into your spacious backyard oasis. Plus, it's just a 10 minute walk to the beach! Unlock the potential of this property with the Lower Unit's separate entrance, offering 1 large bedroom, a 4-piece bathroom with convenient in-unit laundry, a complete kitchen, and a living/dining area drenched in natural light. Act now to secure this fantastic investment opportunity! Call today to arrange your exclusive viewing.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-12-14 2024-04-30 138 $675,000 - Expired
2019-01-26 2019-03-06 39 $444,444 $435,000 Sold
2018-05-22 2019-01-21 244 $444,444 - Expired
Property Features
Level, Other, Public Transit, School Bus Route
Property Details
Community
Property Type
Detached, Bungalow-Raised
Lot Size
50' x 97'
Acreage
< .50
Fronting
West
Taxes
$4,000 (2023)
Basement
Apartment, Sep Entrance
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
BrMain13.42' x 9.38'
2nd BrMain11.15' x 9.42'
KitchenMain13.12' x 12.80'
LivingMain12.47' x 23.56'
BathroomMain12.99' x 4.92'4 Pc Bath
BrBsmt9.68' x 11.61'
KitchenBsmt11.15' x 18.83'Combined W/Living
BathroomBsmt10.17' x 5.91'4 Pc Bath
Cobourg Market Statistics
Cobourg Price Trend
394 Ontario St is a 2-bedroom 2-bathroom home listed for sale at $630,000, which is $88,941 (12.4%) lower than the average sold price of $718,941 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 2 bedroom home in Cobourg increased by $28,316 (4.1%) compared to the previous 30 day period (July 17 - August 15) and down $31,514 (4.2%) from the same time one year ago.
Inventory Change
There were 11 2-bedroom homes listed in Cobourg over the last 30 days (August 16 - September 14), which is down 8.3% compared with the previous 30 day period (July 17 - August 15) and down 21.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Cobourg typically sold ($14,123) (2.0%) below asking price over the last 30 days (August 16 - September 14), which represents a $6,961 decrease compared to the previous 30 day period (July 17 - August 15) and $2,682 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 2-bedroom homes in Cobourg over the last 30 days (August 16 - September 14) stood at 154.5%, up from 66.7% over the previous 30 days (July 17 - August 15) and down from 578.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Cobourg stood at 27 days when successfully sold over the last 30 days (August 16 - September 14), compared to 56 days before being removed from the market upon being suspended or terminated.
Listing contracted with Coldwell Banker - R.M.R. Real Estate
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