N/A Elgin Street

Cobourg · MLS® X13592630

Land · Vacant Land · 94 days on market

listed by Tony Pulla, RE/MAX Rouge River Realty Ltd.

realtor's description

Spanning approximately 2.6 acres, this outstanding parcel of nicely treed vacant land is located in the thriving north-east quadrant of the historic Town of Cobourg. The site is on the sunny side of Elgin St. East and offers a rare blend of clear exposure, easy accessibility and adaptability, and is ideally positioned for the creation of a multi-level, multi-unit residential complex. The property's convenient location ensures close proximity to all the amenities Cobourg has to offer, making it a practical and strategic choice for a future residential development. Attention Builders and Developers, if you're searching for a special site to develop that special project you've been dreaming about, this parcel offers potential galore.

property details

type: Land, Vacant Land
parking: 0
days on market: 94
MLS®: X13592630

features

Irregular lot size

monthly cost

$8,278/mo

Mortgage $8,278

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$8,278/ monthly

loan $1,520,000

25-year amortization

down payment20% · $380,00020%+ 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: $963,435
cash to close: $380,000; down payment; transfer tax and fees not included
total paid: $2,483,435

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