240 University Avenue, Cobourg, ON
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Property Highlights
Welcome to this remarkable Bungalow semi-detached located in the coveted neighborhood of Cobourg. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $299,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 30.75 x 212.03 ft lot
- Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Storage
- Efficient forced air heating via gas
Description
Honey, Start the car!!! A rare chance for affordable property ownership! This is a quaint, central Cobourg, Semi-Detached 2 Bedroom 1 Bath Bungalow tucked away well back from the road with privacy trees surrounding, yet close walking distance to all amenities. This sweet home was originally built in 1856 and has been nicely updated over time. A 231 Sq Ft Professionally renovated back addition was built in 2014. New Roof/Shingles installed 2023 (See MPAC closed building permits under attachments) Also updated: Windows, Doors, Flooring, Kitchen Cabinets, Roof, Siding, Soffits, Fascia. The Private Fenced Back Yard could make a nice outdoor oasis patio area, tucked away from it all. Plenty of Parking. Zoned R3 on a 200 ft deep lot, this sweet home sits well back from street & sidewalk. Located in a Central Cobourg residential neighbourhood, just a short walk to Downtown, Farmer's Market, Beach, Big Box Stores, Mall, Schools. Close to the VIA Station, 401, Hospital. 100 km to Toronto. This is your opportunity to own an investment of a turnkey income property with great Month-To-Month Tenants in place! Tenants pay $1800/month plus their own heat/utilities. The new Buyer may choose to keep the Tenants or enjoy an easy-sized living space as alternative to renting (proper notice for possession must be followed after purchasing - Buyer to assume Tenants on closing.) Note: Driveway is owned all the way to University approx. The centre line "pin" between this and the adjacent Semi-detached is visible at the sidewalk as you enter off University Avenue showing the property line between this and adjacent semi. You can reinstall fence between properties down further along to the front if desired. Any Offers will be reviewed June 5th at 5pm. Please Register by June 5th 3pm** Seller will consider pre-emptive offers. 24 Hours notice for Tenants for viewings.
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Key Features
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Additional Details
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Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Storage
Security Features
None listed
Community Features
None listed
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Frequently Asked Questions about 240 University Avenue, Cobourg, ON
Q.What is the asking price for 240 University Avenue, Cobourg, ON ?
The current listing price for 240 University Avenue, Cobourg, ON in Cobourg, Cobourg is $299,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 1 bathroom across approximately 700-1100 sqft.
Q.What property type and architectural style is 240 University Avenue, Cobourg, ON ?
240 University Avenue, Cobourg, ON is a Semi-Detached (Bungalow) featuring a Partial Basement basement.
Q.What interior features are included in this home?
Interior highlights include: Storage.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Cobourg, Cobourg
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
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Property History
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This could be the first listing for this address.
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Pricing & Value Insights
Data-driven valuation for 240 University Avenue W, Cobourg, ON K9A 2E9
Based on 0 recent similar sales in the pocket.
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 $299,000 in Cobourg, the legal minimum down payment is $14,950 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 $2,960 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 $2,960.
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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.
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