Blk 53 Drewery Road 3, Cobourg

$649,000
Blk 53 Drewery Road 3

$649,000

New
18d
Att/Row/Townhouse2-Storey

Blk 53 Drewery Road 3, Cobourg

Total Monthly Obligation $2,993

Beds
3
Baths
3
Park
1
Sqft
1500-2000
DOM
18d
Score
23
Yield
5.3%
Cash on Cash
1.3%
Cap Rate
4.9%
5Y IRR
16.6%
10Y IRR
15.5%
Property Type-Att/Row/Townhouse
MLS® Number-X13868016
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-22.9 × 100.1 ft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-New
Parking-2 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-Royal Lepage ProAlliance Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Cobourg
Title-Residential Freehold

No agent assigned

Ideally Situated In Cobourg's East End, This 1,564 Sq Ft under construction Townhome offers 3 Bedrooms, 2.5 bath and loads of space for everyone. Large foyer with open ceiling to 2nd storey leads to your open concept living space. Gourmet upgraded Kitchen with ample counter space and soft close cabinetry, modern lighting, quartz countertops, pantry plus a sit up Island. Bright Dining area with lots of windows & patio doors to where you may have a deck built for barbecuing and relaxing in your backyard! Beautiful oak stairs and railing lead to the second floor. The large Primary boasts a full ensuite & walk in closet. Second and third Bedrooms, convenient Laundry Room & 4pc Bathroom complete the second floor. Garage with inside access to the front foyer making every day tasks a breeze. Full basement offers rough-In for a future Bathroom, with an option to finish now or later! 9ft ceilings on main floor, luxury vinyl plank flooring throughout, ceramic tile in washrooms. Includes sodded lawn, paved driveway, central air, high efficiency furnace, air exchanger. Walk or bike to Lake Ontario, Cobourg's vibrant waterfront, beaches, downtown, shopping, parks and restaurants. An easy commute to the Oshawa GO with 401 access. Sample photos are of a similar unit in same building, under construction, some photos are virtually staged,

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$519,200
Land Transfer Taxes$9,455
Legal Fees (Est.)
$
Total cash required for closing$140,755

Total Monthly Obligation

$2,993/mo
Mortgage $2,618
Monthly Loss $2,304
Principal$689
Interest$1,929
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.8%3
5-Year IRR
12.6%54
10-Year IRR
12.5%
Returns Index
28.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$34,080/yr
NOI
$26,172/yr
Net Cash Flow
-$437/mo
Cash Margin
-15.4%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
29.3/ 100

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

Comparables

Properties near Blk 53 Drewery Road 3

Time

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