478 Monk Street, Cobourg

$519,000
478 Monk Street

$519,000

New
3d
DetachedBungalow

478 Monk Street, Cobourg

Total Monthly Obligation $2,797

Beds
3
Baths
1
Park
2
Sqft
700-1100
DOM
3d
Score
20
Yield
5.4%
Cash on Cash
-1.7%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Detached
MLS® Number-X14097198
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-51 × 100 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,944.16 (2026)
Parking-2 - Carport
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-Royal LePage ProAlliance Realty
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Cobourg
Title-Residential Freehold

No agent assigned

Location, Location, Location! Great Lake Views in South-West Cobourg. Discovering a corner lot with an unobstructed view of Lake Ontario out your front window is a true rarity. This 3-bedroom, 1-bath bungalow with a carport is a fantastic opportunity for investors, renovators, or anyone looking to build a custom dream home in one of Cobourg's finest neighborhoods. Steps from Tut Gutteridge Park, Monk's Cove, and community gardens, the location is second to none. Best of all, you are just minutes away from the vibrant downtown core and the beach. Live in it, rent it out, or transform it-properties with this view and potential do not come along often. Listen to the waves from your front yard and say hello to a wonderful community. Opportunities like this are few and far between.

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

Closing Costs

Mortgage Amount
$415,200
Land Transfer Taxes$6,855
Legal Fees (Est.)
$
Total cash required for closing$112,155

Total Monthly Obligation

$2,797/mo
Mortgage $2,094
Monthly Loss $2,246
Principal$551
Interest$1,543
Property Tax$329
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
9.9%35
10-Year IRR
10.6%
Returns Index
18.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$28,200/yr
NOI
$16,936/yr
Net Cash Flow
-$682/mo
Cash Margin
-29.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo59
Risk Index
28.6/ 100

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

Comparables

Properties near 478 Monk Street

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.