249 Ruttan Terrace 503, Cobourg

$339,000
249 Ruttan Terrace 503

$339,000

New
17d
Condo ApartmentBungalow

249 Ruttan Terrace 503, Cobourg

Total Monthly Obligation $2,398

HausQ Valuation Report
Beds
2
Baths
1
Park
1
Sqft
1000-1199
DOM
17d
Score
24
Yield
8.5%
Cash on Cash
2.6%
Cap Rate
5.1%
5Y IRR
17.7%
10Y IRR
16.3%
Property Type-Condo Apartment
MLS® Number-X13865920
Beds-2
Bathrooms-1
Size-1000-1199 sqft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Condo Apartment
Taxes-$3,228.7 (2026)
Maintenance-$561.71/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-Royal Lepage Proalliance Realty
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Cobourg
Title-Residential Condo & Other

No agent assigned

This bright 2-bedroom, 1-bathroom condo offers comfort, convenience, and affordability in a desirable Cobourg location. Luxury vinyl plank and tile flooring extend throughout most of the unit, complemented by warm, neutral paint colours. The open-concept living area provides an inviting space to relax or entertain. The kitchen features a spacious peninsula with a breakfast bar for casual dining, while the adjacent dining area offers plenty of room to host family dinners or formal get-togethers. The generous primary bedroom includes a walk-in closet and large windows that fill the space with natural light. For added convenience, the unit also features newer in-suite stacked laundry appliances. Step outside to your private southeast-facing balcony, the perfect spot to enjoy your morning coffee in the sun or unwind with dinner in the shade on warm summer evenings.

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

Closing Costs

Mortgage Amount
$271,200
Land Transfer Taxes$3,560
Legal Fees (Est.)
$
Total cash required for closing$72,860

Total Monthly Obligation

$2,398/mo
Mortgage $1,367
Monthly Loss $2,038
Principal$360
Interest$1,008
Property Tax$269
Condo Fees$562
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.8%3
5-Year IRR
13.0%57
10-Year IRR
13.2%
Returns Index
29.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$28,872/yr
NOI
$13,616/yr
Net Cash Flow
-$233/mo
Cash Margin
-9.7%1
Cash Flow Index
0.7/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo68
Risk Index
34.1/ 100

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

Comparables

Properties near 249 Ruttan Terrace 503

Time

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Data last updated within the past 24 hours.