145 Third Street 216, Cobourg

$845,000
145 Third Street 216

$845,000

New
8d
Condo ApartmentApartment

145 Third Street 216, Cobourg

Total Monthly Obligation $5,515

Beds
2
Baths
2
Park
1
Sqft
1400-1599
DOM
8d
Score
15
Yield
5.1%
Cash on Cash
-11.4%
Cap Rate
2.1%
5Y IRR
6.7%
10Y IRR
7.7%
Property Type-Condo Apartment
MLS® Number-X14082428
Beds-2
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$6,797 (2025)
Maintenance-$1,340/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX Rouge River Realty Ltd.
Cooling-Other
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Possession-flexible
Neighbourhood-Cobourg
Title-Residential Condo & Other

No agent assigned

Waterfront Luxury at Harbour Walk - 1,500+ Sq. Ft. of Rare Perfection! Experience the pinnacle of maintenance-free living in one of Cobourg's most prestigious communities. This rare, extra-large suite offers 1,520 square feet of sophisticated living space, designed for those who refuse to compromise on size or location. Bathed in natural light, the open-concept living area flows seamlessly, creating an airy atmosphere perfect for everyday living and entertaining. The kitchen, with its abundant cabinetry and counter space, keeps you connected to the living space. Step out from the dining area to your first balcony - the ideal spot for your morning coffee with views of the vibrant streetscape and a glimpse of the harbour. The versatile den features a second private balcony, offering a quiet escape. The spacious primary suite offers a custom walk-in closet and a spa-like four-piece en-suite. With a bright second bedroom and an additional full bath, and in-suite laundry, this home is as practical as it is beautiful. Easy to show, quick closing available.

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

Closing Costs

Mortgage Amount
$676,000
Land Transfer Taxes$13,375
Legal Fees (Est.)
$
Total cash required for closing$183,875

Total Monthly Obligation

$5,515/mo
Mortgage $3,408
Monthly Loss $4,618
Principal$897
Interest$2,512
Property Tax$566
Condo Fees$1,340
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.2%0
5-Year IRR
4.0%8
10-Year IRR
6.3%
Returns Index
5.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$42,792/yr
NOI
$13,236/yr
Net Cash Flow
-$2,306/mo
Cash Margin
-64.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.322
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo27
Risk Index
15.9/ 100

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

Comparables

Properties near 145 Third Street 216

Time

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