371 John Street, Cobourg, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Cobourg. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $559,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 35 x 156 ft lot
- Features a partial basement, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Accessory Apartment
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Fully Renovated Duplex in a Prime Cobourg Location, just steps to downtown and the beach! A exceptional turnkey investment or perfect opportunity for multi-generational living. This well-appointed duplex features two spacious 3-bedroom, 1-bathroom units, each thoughtfully updated. The rear unit is currently tenanted, while the front unit is vacant-offering immediate flexibility for investors or end-users alike. Maximize your income potential by leasing both units, or live in one and offset your mortgage with rental income from the other. Key building features include separate hydro meters, newer furnaces, and central air conditioning for each unit, a low-maintenance stucco exterior, long-life shingles, and an attractive interlocking driveway accommodating two vehicles.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Campground, Fenced Yard, Golf, Hospital
Interior Features
Accessory Apartment
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 371 John Street, Cobourg, ON K9A 3T4
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cobourg, ON
For a property listed at $559,000 in Cobourg, the legal minimum down payment is $30,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,655 for this transaction. As this listing is in Cobourg (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,655.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.