1 Queen Street 402, Cobourg

$575,000
1 Queen Street 402

$575,000

New
9d
Condo ApartmentApartment

1 Queen Street 402, Cobourg

Total Monthly Obligation $3,627

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
9d
Score
19
Yield
6.4%
Cash on Cash
-3.5%
Cap Rate
3.8%
5Y IRR
12.8%
10Y IRR
12.4%
Property Type-Condo Apartment
MLS® Number-X14030732
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,109.26 (2026)
Maintenance-$765.51/mo
Locker-Exclusive
Parking-1 - Attached
Basement-None
Heating-Forced Air (Electric)
Brokerage-RE/MAX Rouge River Realty Ltd.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Cobourg
Title-Residential Condo & Other

No agent assigned

Space, natural light and an exceptional downtown location come together at Suite 402 at 1 Queen Street. Offering more than 1,200 sq. ft. in Cobourg's sought-after waterfront district, this thoughtfully updated two-bedroom, two-bathroom condo provides the comfort and roominess often missing from newer buildings. Expansive windows and an eastern exposure fill the spacious living and dining area with light while offering beautiful views overlooking Victoria Park. The recently renovated kitchen features crisp white cabinetry, beautiful backsplash and sleek stone countertops. The generous primary bedroom includes a remarkably large walk-in closet and private ensuite, while the second bedroom and full bathroom provide comfortable space for guests. Freshly painted throughout, the suite also features updated light fixtures, fresh bedroom carpeting and a recently purchased in-suite washer/dryer combination unit. An exclusive garage parking space with additional storage is included. Walk to Victoria Beach, the marina, waterfront trails, downtown shops, cafés and restaurants. Enjoy the space you want with the lock-and-leave lifestyle you've been looking for. Quick closing is available. *Some photos have been virtually staged.

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Closing Costs

Mortgage Amount
$460,000
Land Transfer Taxes$7,975
Legal Fees (Est.)
$
Total cash required for closing$124,475

Total Monthly Obligation

$3,627/mo
Mortgage $2,319
Monthly Loss $3,017
Principal$610
Interest$1,709
Property Tax$342
Condo Fees$766
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.4%31
10-Year IRR
10.3%
Returns Index
16.6/ 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
$37,020/yr
NOI
$17,623/yr
Net Cash Flow
-$851/mo
Cash Margin
-27.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
23.0/ 100

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

Comparables

Properties near 1 Queen Street 402

Time

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