5 Dunning Drive

Cobalt · MLS® T14088710

Land · Vacant Land · 8 days on market

listed by FARIAH FAISAL, CITYSCAPE REAL ESTATE LTD.

realtor's description

Exceptional opportunity to acquire vacant land in the heart of historic Cobalt! Featuring street exposure on three sides, 5 Dunning Drive offers a prominent setting for a future residential project. R3 zoning provides potential for residential development, subject to applicable holding provisions, municipal requirements and approvals. Potential lake views from the second storey and above, depending on building placement and design. The property offers convenient transit access with a bus stop at your doorstep. Explore the possibilities in this distinctive Northern Ontario community.

property details

type: Land, Vacant Land
parking: 0
property tax: $391 / yr
days on market: 8
MLS®: T14088710

features

Irregular lot size

monthly cost

$2,211/mo

Mortgage $2,178 · Tax $33

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,178/ monthly

loan $399,999

25-year amortization

down payment20% · $100,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $253,535
cash to close: $100,000; down payment; transfer tax and fees not included
total paid: $653,534

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.