529-535 Drewery Road
Cobourg, ON
- 16 bed
- 8 bath
- approx. 5000 + sqft
- Multiplex
- 414 days on market
RECENTLY COMPLETED AND FULLY LEASED, THIS ATTRACTIVE (8) EIGHT PLEX IS A RARE REALTY PRODUCT, A HIGHLY SOUGHT AFTER COMMODITY AND THE PERFECT ADDITION TO YOUR REAL ESTATE PORTFOLIO. SITED IN EAST VILLAGE, ONE OF COBOURGS MOST DESIRABLE NEW RESIDENTIAL NEIGHBOURHOODS, 529-535 DREWERY ROAD WAS BUILT IN 2025 BY STALWOOD HOMES, A RENOWNED LOCAL DEVELOPER AND BUILDER. THE OFFERING FEATURES (8) SMARTLY DESIGNED OPEN CONCEPT APARTMENT UNITS; (4) ON LEVEL 1 AND (4) ON LEVEL 2; EACH OF THE (8) UNITS INCORPORATES (2) SPACIOUS BEDROOMS, A WELL APPOINTED KITCHEN WITH A COMPLEMENT OF STAINLESS STEEL APPLIANCES, BRIGHT LIVING AND DINING AREAS, A FULL BATH AND ENSUITE LAUNDRY FACILITY TOGETHER WITH A WASHER AND DRYER (CHECK THE FLOOR PLAN ON-LINE TO GET A SENSE OF THE VERSATILITY OF THE UNITS LAYOUT). ALSO, UPON INSPECTION THE WISE BUYER/INVESTOR WILL COME TO REALIZE THAT THE VALUE AND DESIRABILITY OF THE BUILDING IS ENHANCED BY THE FACT THAT EACH APARTMENT COMES WITH ONE (1) DEDICATED PARKING SPOT AND IS EQUIPPED WITH ITS OWN: HEAT PUMP, AIR CONDITIONING UNIT, A HOT WATER TANK, A WATER METER AND A HYDRO METER. IF YOU'RE SEARCHING FOR A SPECIAL PROPERTY TO INVEST IN, THIS ONE HAS ALL IT TAKES, INCLUDING LOCATION. 529-535 DREWERY ROAD IS PERFECTLY POSITIONED A SHORT DRIVE EAST OF COBOURG'S HISTORIC AND DYNAMIC DOWNTOWN, ENABLING THE BUILDING'S RESIDENTS TO TAKE ADVANTAGE OF ALL THE AMENITIES OFFERED BY THE WONDERFUL TOWN OF COBOURG. THUS, ENHANCING THE TENANTS' ENJOYMENT OF THE RENTAL ACCOMODATION AND CONSEQUENTLY, TENANCY RETENTION. IN SHORT, HAPPY TENANTS, HAPPY LANDLORD! NOTE: SOME PICTURES ARE VIRTUALLY STAGED PHOTOGRAPHIC RENDERINGS.
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Listing Details
- Originally Listed
- $3,700,000
- Listed
- July 21, 2025
Price History
Property
- Style
- 2-Storey
- Construction
- Vinyl Siding
- Roof
- Fibreglass Shingle
- Foundation
- Slab
- Interior
- ERV/HRV, Floor Drain, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Water Meter
- Lot Size
- 107 x 103 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 10
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- HAYWARD ST.
- Parcel Number
- 511020856
- Possession
- Other
- Occupancy
- Tenant
Included
- Inclusions
- 8 REFRIGERATORS; 8 STOVES; 8 BUILT IN DISHWASHERS; 8 OVER THE RANGE MICROWAVE HOOD; 8 HEAT PUMPS; 8 WALL MOUNTED AIR CONDITIONING UNITS; 8 HOT WATER TANKS; 8 WATER METERS; 8 HYDRO METERS
- Exclusions
- N/A
- Rental Items
- NONE
Schools
Elementary
- Merwin Greer Public School0.4 km
Public · Kawartha Pine Ridge DSB · 130 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 35% met the provincial standard
- C R Gummow Public School1.2 km
Public · Kawartha Pine Ridge DSB · 795 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 53% met the provincial standard
- St. Joseph Catholic Elementary School2.3 km
Catholic · Peterborough Victoria Northum Clarington CDSB · 200 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 27% met the provincial standard
Secondary
- Cobourg Collegiate Institute1.2 km
Public · Kawartha Pine Ridge DSB · 1110 students
Grade 10 literacy: 81% met the provincial standard
- Centre for Individual Studies Northumberland2.1 km
Public · Kawartha Pine Ridge DSB · 115 students
- St. Mary Catholic Secondary School3 km
Catholic · Peterborough Victoria Northum Clarington CDSB · 835 students
Grade 10 literacy: 75% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K9A
- Population
- 26,757
- Private dwellings
- 11,937
- Median age
- 53.2
- Average household size
- 2.3
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Cobourg · last 12 months
- Median sold price
- $635,000
- Homes sold
- 355
- Median days on market
- 27
- Sale-to-list price
- 97.4%
Based on 355 recorded sales of residential freehold properties in Cobourg over the last 12 months.
Listed by
RE/MAX Rouge River Realty Ltd.
Walk Score
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Bike
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Location
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Mortgage Calculator
$709,800
Estimated Monthly Payment
$17,435
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $17,435/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $887/mo
Estimates only. Consult a financial advisor.
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