28 University Avenue W, Cobourg

$919,000
28 University Avenue W

$919,000

New
16d
Detached2-Storey

28 University Avenue W, Cobourg

Total Monthly Obligation $4,648

Beds
3
Baths
3
Park
3
Sqft
2500-3000
DOM
16d
Score
17
Yield
4.3%
Cash on Cash
-5.9%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-X13873006
Beds-3
Bathrooms-3
Size-2500-3000 sqft
Lot Size-66 × 165 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$6,787.62 (2026)
Parking-4 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER - R.M.R Real Estate
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Aluminum Siding
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Cobourg
Title-Residential Freehold

No agent assigned

Step inside this inviting, well maintained century home and discover a thoughtful blend of original charm and contemporary comfort. Soaring ceilings, original wide-plank wood flooring and large windows create a warm, light-filled atmosphere, creating a warm and welcoming home. With three spacious bedrooms and three full bathrooms, there's room to live comfortably without compromising on space. The updated eat-in kitchen is both beautiful and practical; featuring stainless steel appliances, granite countertops and a generous island that naturally becomes the gathering place. The family room and adjoining office/den offer a cozy retreat for movie nights, quiet afternoons or working from home. Step through the patio doors and discover a new expansive deck overlooking the nicely landscaped private backyard, mature trees, providing a peaceful outdoor setting, perfect for morning coffee, summer entertaining or simply enjoying the outdoors. A custom main floor laundry (2026) adds everyday convenience, while motorized blinds (2021), on the larger windows provide an added touch of modern ease. The detached 1.5 car garage features interior/exterior lighting, a workbench and additional 60-amp panel, ideal for hobbies or a workshop. The circular driveway plus long driveway offers ample parking. Easy access to the 401 and VIA Rail makes commuting and weekend getaways simple. Beyond your front door, enjoy the best of Cobourg living. Walk to historic downtown for local shops, tasty restaurants, the beach and scenic boardwalk, or take advantage of convenient access to the 401 and VIA Rail for commuting and weekend adventures. A wonderful opportunity to enjoy the character of a century home with the comforts of today, in a location that lets you truly experience the Cobourg lifestyle. Extras: New appliances (2020-2025); Furnace (2021), regularly serviced; New Anderson windows upstairs and rec room (2021), Hot Water Tank is owned, and many more.

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

Closing Costs

Mortgage Amount
$735,200
Land Transfer Taxes$14,855
Legal Fees (Est.)
$
Total cash required for closing$200,155

Total Monthly Obligation

$4,648/mo
Mortgage $3,707
Monthly Loss $3,672
Principal$975
Interest$2,732
Property Tax$566
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
7.7%22
10-Year IRR
8.8%
Returns Index
12.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$39,960/yr
NOI
$24,676/yr
Net Cash Flow
-$1,651/mo
Cash Margin
-49.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
18.8/ 100

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

Comparables

Properties near 28 University Avenue W

Time

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