908 Fairbanks Rd

Cobourg, Cobourg, K9A 5G9
FOR SALE
$580,000
908 Fairbanks Rd, Cobourg
908 Fairbanks Rd
908 Fairbanks Rd
908 Fairbanks Rd
908 Fairbanks Rd
908 Fairbanks Rd
908 Fairbanks Rd
908 Fairbanks Rd
908 Fairbanks Rd
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
10
ROOMS
X9373528
MLSID
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Property Description
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.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-07-10 2023-10-31 113 $629,999 - Expired
2023-08-18 2023-09-01 14 $3,000 $3,000 Leased
2022-03-28 2022-03-30 2 $2,600 $2,700 Leased
2021-11-08 2021-11-12 8 $509,900 $580,000 Sold
2022-03-28 2022-03-30 2 $2,600 $2,700 Leased
2021-11-08 2021-11-12 8 $509,900 $580,000 Sold
2022-03-28 2022-03-30 2 $2,600 $2,700 Leased
2021-11-08 2021-11-12 8 $509,900 $580,000 Sold
2023-06-13 2023-07-10 27 $679,900 - Terminated
2023-05-03 2023-05-20 17 $3,000 $3,000 Leased
2022-03-28 2022-03-30 2 $2,600 $2,700 Leased
Property Details
Community
Property Type
Detached, 2-Storey
Lot Size
30' x 116'
Fronting
East
Taxes
$3,539 (2024)
Basement
Part Fin
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
Attached
Cobourg Market Statistics
Cobourg Price Trend
908 Fairbanks Rd is a 3-bedroom 2-bathroom home listed for sale at $580,000, which is $79,523 (12.1%) lower than the average sold price of $659,523 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 3 bedroom home in Cobourg declined by $40,477 (5.8%) compared to the previous 30 day period (August 18 - September 16) and up $178,243 (37.0%) from the same time one year ago.
Inventory Change
There were 33 3-bedroom homes listed in Cobourg over the last 30 days (September 17 - October 16), which is up 17.9% compared with the previous 30 day period (August 18 - September 16) and up 57.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Cobourg typically sold ($14,999) (2.3%) below asking price over the last 30 days (September 17 - October 16), which represents a $14,901 increase compared to the previous 30 day period (August 18 - September 16) and ($7,267) 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 (September 17 - October 16) stood at 63.6%, down from 71.4% over the previous 30 days (August 18 - September 16) and down from 147.6% 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 16 days when successfully sold over the last 30 days (September 17 - October 16), compared to 36 days before being removed from the market upon being suspended or terminated.
Listing contracted with Our Neighbourhood Realty Inc.
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