240 Chapel Street 425, Cobourg

$219,000
240 Chapel Street 425

$219,000

Price Change
15d
Condo ApartmentApartment

240 Chapel Street 425, Cobourg

Total Monthly Obligation $1,853

Beds
1
Baths
1
Park
1
Sqft
500-599
DOM
15d
Score
19
Yield
8.0%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Condo Apartment
MLS® Number-X13877180
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,389.14 (2026)
Maintenance-$570.24/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-Royal LePage Our Neighbourhood Realty
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stucco (Plaster)
Possession-TBD
Neighbourhood-Cobourg
Title-Residential Condo & Other

No agent assigned

Welcome to Palisade Gardens - This Condominium is noted as one of Northumberland County's Premier Independent Living Retirement Residences. Just steps from Cobourg's historic downtown shopping and amenities which include a range of coffee shops, restaurants, boutiques and Banks. If weather accommodates enjoy an amble around Cobourg's heritage Waterfront Park and marina. This condo has a welcoming entrance with ramp and in and out driveway making it easy for family, friends or taxi's to pick you up or drop off. The main floor provides access to many of the communal areas including front reception, meeting room, relaxing seating area with access to the inner landscaped courtyard, main dining room and library to name a few. Easy access to the unit floor via elevator and wide hallways lead to your Unit. The Unit itself benefits from its own kitchen with warm wood cabinetry. The kitchen is combined with the dining area and living room so easy to chat with family and guests as you cook or brew a drink. The bedroom is spacious and benefits from a well sized closet. Close to the bedroom is the bathroom which has step in shower benefiting from grab bar and there is also undersink storage cabinetry. The convenient washer and storage is in unit as well. Flooring in the Unit is easy maintenace and hard surface whether that be laminate or tile. Don't miss this opportunity to enjoy worry-free living. Palisdade offers flexible service packages which allow you to live independently and choose only the services you want (Min service cost per month for owners in addition to the Condo fee). You can prepare your own meals or book a package to have dinners served in the dining room. In addition there are housekeeping and care services for an additional fee. Palisade offer a variety of social, recreational and health & wellness amenities with an easy and convenient monthly payment plan. They also have a shuttle bus and the schedule/sign up sheet is at reception.

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

Closing Costs

Mortgage Amount
$175,200
Land Transfer Taxes$1,915
Legal Fees (Est.)
$
Total cash required for closing$47,215

Total Monthly Obligation

$1,853/mo
Mortgage $883
Monthly Loss $1,620
Principal$232
Interest$651
Property Tax$199
Condo Fees$570
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.9%0
5-Year IRR
5.4%12
10-Year IRR
7.6%
Returns Index
7.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$17,436/yr
NOI
$4,060/yr
Net Cash Flow
-$545/mo
Cash Margin
-37.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
5.2 mo85
Risk Index
35.5/ 100

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

Comparables

Properties near 240 Chapel Street 425

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.