982 Burnham St

Cobourg, Cobourg, K9A 4T7
FOR SALE
$999,888
982 Burnham St, Cobourg
982 Burnham St
982 Burnham St
982 Burnham St
982 Burnham St
982 Burnham St
982 Burnham St
982 Burnham St
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3 + 1
BEDROOMS
2
BATHROOMS
2
KITCHENS
7
ROOMS
X8334808
MLSID
Contact Us
Property Description
WHAT DO YOU SEE HERE? WELL LOOK AGAIN....CLOSE YOUR EYES IF THAT HELPS AND IMAGINE WHAT COULD POSSIBLY BE HERE. THIS LITTLE BUNGALOW IS ALL ABOUT THE LOCATION AND THE ZONING. THAT'S RIGHT, ZONING AND IN REAL ESTATE INVESTING 101 IT'S ALL ABOUT THE HIGHEST AND BEST USE OF A PROPERTY. I SEE THE POTENTIAL POSSIBLY FOR MULTI UNITS HERE ON THIS LOT AND I ALSO SEE THE POTENTIAL POSSIBLY FOR EXTRAORDINARY EXPOSURE FOR THOSE WHO ARE IN BUSINESS AND DESIRE EXPOSURE. WITH A MULTI UNIT PROPERTY TO THE SOUTH AND THE POTENTIAL POSSIBLY FOR MORE COMING TO THE NORTH THIS LITTLE GEM IS SANDWICHED IN THE BEST POSSIBLE LOCATION FOR INVESTMENT. HOW MANY STOREYS DO YOU SEE CURRENTLY, ONE ? WELL CONTACT THE TOWN IF YOU'RE THINKING OF GOING UP ON THIS LOT AND GET THE INFO YOU WILL NEED. CONVENIENTLY LOCATED NEAR THE 401 AND THE HOSPITAL, SHOPPING, RESTAURANTS, SCHOOL. BUYERS ARE ADVISED TO PERFORM THEIR DUE DILIGENCE WITH ALL ASPECTS OF THIS PROPERTY AND THEIR INTENTIONS FOR THIS PROPERTY.
Extras
THIS IS NOT AN OPPORTUNITY FOR EVERYONE. FOR THOSE WHO CAN SEE THE BIG PICTURE HERE IT MIGHT BE AS CLEAR AS DAY. LOCATION, ZONING AND POTENTIAL TO DEVELOP IS WHAT YOU SHOULD BE THINKING AND NOT JUST SEEING A LITTLE HOUSE ON A BUSY STREET.
Property Details
Community
Property Type
Detached, Bungalow
Lot Size
50' x 115'
Fronting
East
Taxes
$3,460 (2023)
Basement
Walk-Up
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
Carport
Cobourg Market Statistics
Cobourg Price Trend
982 Burnham St is a 3-bedroom 2-bathroom home listed for sale at $999,888, which is $299,888 (42.8%) higher than the average sold price of $700,000 in the last 30 days (August 16 - September 14). 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 17 - August 15) and down $33,450 (4.6%) from the same time one year ago.
Inventory Change
There were 30 3-bedroom homes listed in Cobourg over the last 30 days (August 16 - September 14), which is up 30.4% compared with the previous 30 day period (July 17 - August 15) and up 76.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Cobourg typically sold ($29,900) (4.3%) below asking price over the last 30 days (August 16 - September 14), which represents a $15,000 decrease compared to the previous 30 day period (July 17 - August 15) and ($255) 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 16 - September 14) stood at 66.7%, up from 65.2% over the previous 30 days (July 17 - August 15) and down from 588.2% 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 16 - September 14), compared to 58 days before being removed from the market upon being suspended or terminated.
Listing contracted with Real Estate Homeward
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