515 (Blk 59) Joseph Gale Street 207, Cobourg

$369,000
515 (Blk 59) Joseph Gale Street 207

$369,000

New
22d
Condo TownhouseBachelor/Studio

515 (Blk 59) Joseph Gale Street 207, Cobourg

Total Monthly Obligation $1,938

HausQ Valuation Report
Beds
0
Baths
1
Park
1
Sqft
500-599
DOM
22d
Score
20
Yield
4.4%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.9%
Property Type-Condo Townhouse
MLS® Number-X13851270
Beds-0
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 1, 2026
Style-Bachelor/Studio
Building Type-Condo Townhouse
Age-New
Maintenance-$250/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Heat Pump (Electric)
Brokerage-Royal Lepage Proalliance Realty
Cooling-Other
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-Cobourg
Title-Residential Condo & Other

No agent assigned

STUDIO24 townhouse condo units in Cobourg's sought after EAST VILLAGE are almost complete! Located a walk or bike ride distance to Lake Ontario's vibrant waterfront, beaches, downtown, shopping, parks and restaurants, an amazing location. Built by Stalwood Homes, these affordable studios are perfect for the first time home buyer, professional or down-sizer. Beautiful modern finishes enhanced with 9 ft ceilings. Open concept living room and stylish kitchen with Stainless Steel appliances. Convenient in suite laundry with a stackable Washer & Dryer. Luxury Vinyl Plank throughout with tiled washroom. Purchaser will enjoy an additional $16,000 in Builder's Upgrades: including upgraded appliances, breakfast island and quartz counter tops throughout! Fibre Internet available, HRV for healthy living, heat pump provides primary heating/cooling, owned hot water tank. Lawn Care And Snow Removal included in condo fees, along with one designated parking space and visitor parking is on-site. Easy access to the 401 corridor, convenient Cobourg VIA stop, and just a 45-minute drive to the Oshawa GO. Exterior photo is a virtual rendition, interior photos are virtually staged. LISTING PRICE REFLECTS EXPANDED HST NEW RESIDENTIAL REBATE FOR ELIGIBLE PURCHASERS.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$295,200
Land Transfer Taxes$4,010
Legal Fees (Est.)
$
Total cash required for closing$79,310

Total Monthly Obligation

$1,938/mo
Mortgage $1,488
Monthly Loss $1,547
Principal$392
Interest$1,097
Condo Fees$250
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.1%19
10-Year IRR
8.4%
Returns Index
10.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$16,248/yr
NOI
$9,223/yr
Net Cash Flow
-$720/mo
Cash Margin
-53.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
5.0 mo83
Risk Index
35.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 515 (Blk 59) Joseph Gale Street 207

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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