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550 King Street E
homes for sale · Cobourg
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$4,250,000

550 King Street E

Cobourg · MLS® X14105746

4 sq ft · 4 sq ft lot · Land · Vacant Land · 2 days on market

listed by Dianna Mandzuk, Re/Max Impact Realty

realtor's description

A marquee development opportunity in Cobourg at 550 King Street East -- a landmark location offering 4 acres of potential and endless possibilities. Introducing a rare opportunity to acquire one of Cobourg's most prominent east-end properties. Strategically positioned with approximately 400 feet of frontage on the sunny side of King Street East, #550 is a true gateway property, capturing attention as you enter town. With its high-profile location, substantial landholding and development zoning, this exceptional 4 acre parcel presents an exciting opportunity for visionary builders, savvy investors and developers looking to secure a significant presence in a growing community. Offering municipal water, sewer, natural gas and featuring two entrances directly off King Street East, this property provides a compelling foundation for future development. Surrounded by new and established residential neighbourhoods along with new build commercial amenities, the location places future possibilities within a community experiencing continued growth and transformation. Opportunities of this scale and visibility are rarely available in such a strategic location. Whether you are an established developer expanding your portfolio or a builder seeking your next significant project, 550 King Street East offers the chance to envision what comes next in one of Cobourg's most recognizable locations. Property is being offered primarily for its land value and future development potential. The existing dwelling and outbuildings are not available for showings.

property details

type
Land, Vacant Land
living area
4 sq ft
lot
4 sq ft
parking
0
property tax
$5,907 / yr
days on market
2
MLS®
X14105746

monthly cost

$19,009/mo
Mortgage $18,517 · Tax $492

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

estimated payment
$18,517/ monthly
loan $3,400,000
25-year amortization
total interest
$2,155,053
cash to close
$850,000
down payment; transfer tax and fees not included
total paid
$5,555,053

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

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Dianna Mandzuk
Re/Max Impact Realty
call Dianna · 905-433-2579
Powered by: REALTOR.ca

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location

CobourgGoogle Maps ↗

location

CobourgGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

Lot - 550 King Street E, Cobourg
Lot - 550 King Street E, Cobourg, photo 2
Lot - 550 King Street E, Cobourg, photo 3
Lot - 550 King Street E, Cobourg, photo 4
Land
$4,250,000
4methe deep dive
Lot - 550 King Street E
Cobourg5 days on market
listed by Re/Max Impact Realty
MLS® X14093796
3121 Theatre Road N, Cobourg
3121 Theatre Road N, Cobourg, photo 2
3121 Theatre Road N, Cobourg, photo 3
3121 Theatre Road N, Cobourg, photo 4
3121 Theatre Road N, Cobourg, photo 5
3121 Theatre Road N, Cobourg, photo 6
3121 Theatre Road N, Cobourg, photo 7
3121 Theatre Road N, Cobourg, photo 8
House
$3,650,000
4methe deep dive
3121 Theatre Road N
Cobourg40 days on market
listed by Re/Max Hallmark First Group Realty Ltd.
7618
MLS® X13781682
529-535 Drewery Road, Cobourg
529-535 Drewery Road, Cobourg, photo 2
529-535 Drewery Road, Cobourg, photo 3
529-535 Drewery Road, Cobourg, photo 4
529-535 Drewery Road, Cobourg, photo 5
529-535 Drewery Road, Cobourg, photo 6
529-535 Drewery Road, Cobourg, photo 7
529-535 Drewery Road, Cobourg, photo 8
House
$3,549,000
4methe deep dive
529-535 Drewery Road
Cobourg458 days on market
listed by RE/MAX Rouge River Realty Ltd.
168
10
MLS® X12302656