Mixed-use condo with rooftop terrace near Cobourg Beach

Property details for 108, 208, 308 - 185 Division Street, Cobourg

Type: Residential
Style: Multi-level
Bedrooms: 4
Bathrooms: 2
Basement: None
Parking: No Garage
Heating: Heat Pump, Other
Cooling: Central air conditioning
Exterior: Brick
Ownership: Condo/Strata
Annual Taxes: $10,751
Condo Fee: $620 / Monthly

Right by Cobourg Beach, this mixed-use condo at Beach Walk Flats has a commercial unit and two residential suites. The commercial space has high ceilings and big windows, good for a business. Each residential suite is two bedrooms, with modern finishes and no carpet. You get a rooftop terrace that's private and has views of Lake Ontario. It's a short walk to the marina, boardwalk, and historic downtown. The building has 20 residential units total, with three parking spots and no garage. Appliances include two stoves, two washers, and two refrigerators. Heating is electric with a heat pump, plus central air. Pets are allowed with restrictions. At $1.545 million, it's priced above the nearby median of $714,500, but the investment score is high at 91 out of 10. HST is only for the commercial part.

About 108, 208, 308 - 185 Division Street, Cobourg — Property Score

Strong Investment Great Location

Score: 58/100

Value

Priced 107.4% above area median of $745,000 based on 65 comparable properties nearby 1

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - typical for similarly priced homes 60

2 bathrooms - 1 fewer than similarly priced properties nearby 48

Location

$45K median household income - below the Canadian average of $70K 52

88% of residents hold postsecondary credentials - a highly educated neighbourhood 95

57% homeownership rate - a balanced mix of owners and renters 70

72% of residents commute under 30 minutes - excellent commuter accessibility 88

1,165/km² population density - a well-balanced suburban area 82

Market

Just listed - area average is 25 days on market 100

-8.1% median price change over 1 month - declining prices in the area 10

31 months of housing supply - 62 active listings with 2 sold last month (buyer's market) 40

Features

3-car garage - area average is 4.5 spots 80

None basement 30

Heat Pump, Electric 50

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0% effective tax rate ($0/yr) - very low tax burden 100

43% renter population - moderate rental market 82

Quality

Condition

Listing

47 photos provided - 21% more than the area average of 39 photos 92

4 of 7 key property details provided (57%) - some key property details missing 67

* 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.