Forest-backing bungalow with walk-out basement in Cobourg

Property details for 1188 Alder Road E, Cobourg

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 3
Lot Size: 44 x 162 FT ; irregular
Stories: 1
Basement: Finished, Walk out, N/A
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Air exchanger
Exterior: Brick
Ownership: Freehold
Annual Taxes: $6,989 (2025)

This 4-bed, 3-bath bungalow on a 44x162 ft pie-shaped lot backs onto forest, so you get privacy and a natural backdrop right from your yard. The main floor has 2 beds, including the primary, plus a living room, family room, kitchen, and eating area. Ceilings are high, which makes the space feel bigger. Head downstairs via the chair lift (handy if stairs are an issue) and you'll find 2 more beds, a rec/games room, utility room, and another recreational space. Walk-out basement means easy access to that backyard. Brick exterior, attached garage with room for 6 cars total. Central air and forced air gas heating keep things comfy year-round. Kitchen's got stainless steel appliances, dishwasher, microwave, garburator. There's a fireplace for cozy nights. Taxes run about $6,989 annually. It's in a quiet neighbourhood near Cobourg, with the Barnum House Museum about 9.5 km away. Market's decent around here; median sold price is $699K, but this one's listed at $999,997. That's a jump, but you're paying for the lot size, the walk-out basement, and the forest view. Active listings nearby are just 12, so it's not oversaturated. If you need main-floor living with rental potential or multi-gen setup, this could work.

About 1188 Alder Road E, Cobourg — Property Score

Great Location Hot Market Feature Rich

Score: 64/100

Value

Priced 33.3% above area median of $750,000 based on 73 comparable properties nearby 20

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - typical for similarly priced homes 60

3 bathrooms - typical for similarly priced properties 60

7,128 sqft lot - a generous lot for the area 78

Location

$80K median household income - above the Canadian average of $70K 70

89% of residents hold postsecondary credentials - a highly educated neighbourhood 95

94% homeownership rate - indicating a stable, owner-occupied community 96

61% of residents commute under 30 minutes - excellent commuter accessibility 78

525/km² population density - a low-density residential area 65

Market

Just listed - area average is 67 days on market 100

+69% median price change over 1 month - rising prices in the area 100

22.3 months of housing supply - 89 active listings with 4 sold last month (buyer's market) 40

Features

6-car garage - more than the area average of 4.4 spots 95

Finished, Walk out, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.7% effective tax rate ($6,989/yr) - below the Canadian average of ~1% 79

5% renter population - primarily owner-occupied area 36

Quality

Condition

Listing

47 photos provided - 27% more than the area average of 37 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.