43 Ballantine Street, Cobourg

$579,900
43 Ballantine Street

$579,900

Price Change
2d
Att/Row/TownhouseBungalow-Raised

43 Ballantine Street, Cobourg

Total Monthly Obligation $3,058

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
2d
Score
20
Yield
5.4%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Att/Row/Townhouse
MLS® Number-X14100874
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-21.41 × 240.53 ft
Listed on site-Oct 21, 2026
Style-Bungalow-Raised
Building Type-Att/Row/Townhouse
Age-16-30
Taxes-$4,127 (2025)
Parking-3 - Attached
Basement-Finished with Walk-Out, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-HOME CHOICE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick Front, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60/90
Neighbourhood-Cobourg
Title-Residential Freehold

No agent assigned

Welcome to a home that truly stands apart. This beautifully maintained 3-bedroom, 2-bathroom raised bungalow offers approximately 1,500 sq. ft. of above-grade living space and an incredible 240-foot-deep lot backing onto a picturesque ravine-a rare combination of space, privacy and peaceful natural views. Step inside and you'll immediately appreciate how beautifully this home has been cared for and updated. The bright, inviting interior features an updated kitchen (2025), main bathroom (2026), second bathroom (2023), main-floor flooring (2023) and new stair carpeting (2026). Major improvements include the roof (2015), high-efficiency Trane furnace and central air conditioner (2024) with a Nest programmable thermostat, and garage door (2026), allowing you to simply move in and enjoy. Outside is where this property becomes truly special. The extraordinary backyard feels like your own private retreat, with newer fencing and concrete work, an extended deck, an impressive 24' x 12' pergola, a storage shed, entertain and enjoy the ravine setting. Whether it's morning coffee surrounded by nature, summer evenings under the pergola or simply having a backyard with room to breathe, this is outdoor living that's increasingly difficult to find. Conveniently located close to a large park, shopping, everyday amenities and Highway 401, this move-in-ready home combines approximately 1,500 sq. ft. of living space, extensive updates and an exceptional ravine lot into one outstanding opportunity.

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

Closing Costs

Mortgage Amount
$463,920
Land Transfer Taxes$8,073
Legal Fees (Est.)
$
Total cash required for closing$125,553

Total Monthly Obligation

$3,058/mo
Mortgage $2,339
Monthly Loss $2,443
Principal$616
Interest$1,724
Property Tax$344
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.7%2
5-Year IRR
10.4%38
10-Year IRR
10.9%
Returns Index
20.1/ 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
$31,500/yr
NOI
$19,723/yr
Net Cash Flow
-$696/mo
Cash Margin
-26.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
27.0/ 100

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

Comparables

Properties near 43 Ballantine Street

Time

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