354 College Street, Cobourg

$1,325,000
354 College Street

$1,325,000

New
18d
Detached2-Storey

354 College Street, Cobourg

Total Monthly Obligation $6,219

Beds
5
Baths
3
Park
2
Sqft
2500-3000
DOM
18d
Score
15
Yield
3.0%
Cash on Cash
-10.5%
Cap Rate
2.3%
5Y IRR
7.4%
10Y IRR
8.2%
Property Type-Detached
MLS® Number-X13863766
Beds-5
Bathrooms-3
Size-2500-3000 sqft
Lot Size-66 × 165 ft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,990 (2026)
Parking-2 - None
Basement-Partial Basement, Unfinished
Heating-Forced Air (Gas)
Brokerage-Re/Max Hallmark First Group Realty Ltd.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Wood
Roof-Asphalt Shingle
Foundation-Concrete, Stone
Sewer-Sewer
Possession-TBD
Neighbourhood-Cobourg
Title-Residential Freehold

No agent assigned

Main-floor living, a private garden retreat & a separate, detached studio, just blocks from downtown Cobourg, waterfront trails and the beach! The Hough House, c.1867, pairs historic character with thoughtful updates, offering 5 bedrooms & 3 baths with flexibility for family, guests & working from home. The main-floor primary suite features dual walk-in closets with custom built-ins, dedicated 2-in-1 laundry machine & a luxury 3pc ensuite with heated floors, glass shower and custom storage. Direct access to a secluded hot tub deck from the primary creates a quiet place to unwind. At the heart of the home, the custom eat-in kitchen combines premium appliances, quartz counters, a generous centre island, built-in pantry & gas fireplace with views of the private courtyard as well as a walkout to the back yard. A formal dining room & formal living room combination form inviting spaces to gather, while the main floor family room is the perfect place to retreat. A south facing mudroom entry offers heated herringbone tile, built in fridge & impressive custom storage. Upstairs, four bedrooms with custom closets, an additional stackable laundry area & a beautifully finished 5pc bath with curbless shower, marble-topped vanity, toe-kick lighting & reeded soaker tub accommodate family & overnight guests. Outside, the south-facing courtyard is ready for dining & entertaining with a built-in gas BBQ & integrated speakers. Perennial gardens, flagstone paths & landscape lighting extend the experience into the private backyard. A detached approx. 492 sq. ft. studio/workshop, equipped with a heat pump, electric heat & wood stove, offers space for creative work, hobbies or an office separate from the house. Capital improvements include windows, doors, plumbing, electrical, insulation, roofing, decking & lighting. A distinctive combination of downtown convenience, main-floor comfort & space to make your own.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$1,060,000
Land Transfer Taxes$22,975
Legal Fees (Est.)
$
Total cash required for closing$289,475

Total Monthly Obligation

$6,219/mo
Mortgage $5,345
Monthly Loss $4,812
Principal$1,406
Interest$3,938
Property Tax$499
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.7%0
5-Year IRR
4.8%10
10-Year IRR
6.6%
Returns Index
6.5/ 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
$39,516/yr
NOI
$25,074/yr
Net Cash Flow
-$3,255/mo
Cash Margin
-98.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.393
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo24
Risk Index
15.2/ 100

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

Comparables

Properties near 354 College Street

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