$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
Estimated mortgage payment
$15,714 per month
- Principal and interest
- $15,714
- Property tax
- $0
- Condo fees
- $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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $785,000
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
This photo could not be loaded.