Gurvinder Nokwal REALTOR®
For Sale Multiplex 454 days on market

$3,549,000 ↓ $151,000 from $3,700,000

Est. payment $15,714/moCalculate yours

529-535 Drewery Road, Cobourg, ON K9A 3P5

Cobourg, Cobourg, ON K9A 3P5

  • 8 + 8 Beds
  • 8 Baths
  • 5,000 Sq Ft

Listing courtesy of RE/MAX Rouge River Realty Ltd. MLS® X12302656

About this home

RECENTLY COMPLETED AND FULLY LEASED, THIS ATTRACTIVE (8) EIGHT PLEX IS A RARE REALTY PRODUCT, A HIGHLY SOUGHT AFTER COMMODITY AND THE PERFECT ADDITION TO YOUR REAL ESTATE PORTFOLIO. SITED IN EAST VILLAGE, ONE OF COBOURGS MOST DESIRABLE NEW RESIDENTIAL NEIGHBOURHOODS, 529-535 DREWERY ROAD WAS BUILT IN 2025 BY STALWOOD HOMES, A RENOWNED LOCAL DEVELOPER AND BUILDER. THE OFFERING FEATURES (8) SMARTLY DESIGNED OPEN CONCEPT APARTMENT UNITS; (4) ON LEVEL 1 AND (4) ON LEVEL 2; EACH OF THE (8) UNITS INCORPORATES (2) SPACIOUS BEDROOMS, A WELL APPOINTED KITCHEN WITH A COMPLEMENT OF STAINLESS STEEL APPLIANCES, BRIGHT LIVING AND DINING AREAS, A FULL BATH AND ENSUITE LAUNDRY FACILITY TOGETHER WITH A WASHER AND DRYER (CHECK THE FLOOR PLAN ON-LINE TO GET A SENSE OF THE VERSATILITY OF THE UNITS LAYOUT). ALSO, UPON INSPECTION THE WISE BUYER/INVESTOR WILL COME TO REALIZE THAT THE VALUE AND DESIRABILITY OF THE BUILDING IS ENHANCED BY THE FACT THAT EACH APARTMENT COMES WITH ONE (1) DEDICATED PARKING SPOT AND IS EQUIPPED WITH ITS OWN: HEAT PUMP, AIR CONDITIONING UNIT, A HOT WATER TANK, A WATER METER AND A HYDRO METER. IF YOU’RE SEARCHING FOR A SPECIAL PROPERTY TO INVEST IN, THIS ONE HAS ALL IT TAKES, INCLUDING LOCATION. 529-535 DREWERY ROAD IS PERFECTLY POSITIONED A SHORT DRIVE EAST OF COBOURG’S HISTORIC AND DYNAMIC DOWNTOWN, ENABLING THE BUILDING’S RESIDENTS TO TAKE ADVANTAGE OF ALL THE AMENITIES OFFERED BY THE WONDERFUL TOWN OF COBOURG. THUS, ENHANCING THE TENANTS’ ENJOYMENT OF THE RENTAL ACCOMODATION AND CONSEQUENTLY, TENANCY RETENTION. IN SHORT, HAPPY TENANTS, HAPPY LANDLORD! NOTE: SOME PICTURES ARE VIRTUALLY STAGED PHOTOGRAPHIC RENDERINGS.

Property details

Overview

Property Type
Multiplex
Style
2-Storey
For
For Sale
Status
Price Change
Size
5,000 sqft

Interior

Bedrooms
8 + 8
Bathrooms
8
Kitchens
8
Basement
None

Building & Systems

Heating
Baseboard (Electric)
Cooling
Other
Exterior
Vinyl Siding
Foundation
Slab
Roof
Fibreglass Shingle
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
107 x 103 Feet
Parking
None garage · 10 total

Location

Neighbourhood
Cobourg
Cross Street
HAYWARD ST.
Direction Faces
West

Listing

MLS® Number
X12302656
Days on Market
454
Listed On
2025-07-21
Possession
TBD
Listed By
RE/MAX Rouge River Realty Ltd.

Features

Interior

  • ERV/HRV
  • Floor Drain
  • Separate Heating Controls
  • Separate Hydro Meter
  • Water Heater Owned
  • Water Meter

Pool

  • None
Included
8 REFRIGERATORS; 8 STOVES; 8 BUILT IN DISHWASHERS; 8 OVER THE RANGE MICROWAVE HOOD; 8 HEAT PUMPS; 8 WALL MOUNTED AIR CONDITIONING UNITS; 8 HOT WATER TANKS; 8 WATER METERS; 8 HYDRO METERS
Excluded
N/A
Rental items
NONE

Mortgage calculator

Minimum for this price: $709,800 (20%)

Amortization, years

Estimated mortgage payment

$15,714 per month

Principal and interest
$15,714
Property tax
$0
Estimated monthly cost
$15,714

Your mortgage

Mortgage amount
$2,839,200
Mortgage insurance
Not needed
Interest over 25 years
$1,875,061

Cash to close

Down payment
$709,800
Land transfer tax
$75,200
Total, before legal fees
$785,000
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

529-535 Drewery Road, Cobourg, ON K9A 3P5 Cobourg, Cobourg, ON K9A 3P5
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$3,549,000 529-535 Drewery Road, Cobourg, ON K9A 3P5
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