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.
8 bedrooms, 8 bathrooms, about 5,000 sq ft, works out to roughly $710 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 529-535 Drewery Rd
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
5000 + sq ftas stated on the listing
Parking
10 spaces
Basement
None
Features & systems
Parking & garage
Parking spaces
10
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Multiplex
529-535 Drewery Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$17,435
/mo
based on the purchase price of $3,549,000
$709,800 cash
$2,839,200 financed
$2,391,352 total interest
Principal54%$2,839,200
Interest46%$2,391,352
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 529-535 Drewery Rd
Homes for sale in Cobourg
Every active Cobourg MLS® listing, updated all day.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio97.4%On average, homes sold below asking.
Active listings219Homes for sale here right now.
Median vs prior 90 days−1.5%Compared with May 7 – Aug 5, 2026: prices down.
Based on 150 sales from Aug 5 – Nov 3, 2026 (108 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 529-535 Drewery Rd
How much is 529-535 Drewery Rd listed for?
529-535 Drewery Rd is listed at $3,549,000 (MLS® X12302656). Summitly updates the price as soon as the MLS® record changes.
Is $3,549,000 a good price for 529-535 Drewery Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Cobourg. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 529-535 Drewery Rd changed?
Yes — it was first listed at $3,700,000 and is now $3,549,000, a drop of $151,000 (4.1%).
How many bedrooms and bathrooms does 529-535 Drewery Rd have?
529-535 Drewery Rd has 8 bedrooms and 8 bathrooms, with about 5,000 square feet of living space. It is a multiplex in Cobourg.
How much would the monthly mortgage be on 529-535 Drewery Rd?
About $17,435 a month — principal and interest on $3,549,000 with 20% down ($709,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 529-535 Drewery Rd compare with other homes in Cobourg?
Its asking price of $3,549,000 is about 465% above the median sold price in Cobourg over the last 90 days, $628,000, across 150 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 529-535 Drewery Rd been sold before?
Summitly has no earlier MLS® sale or lease of 529-535 Drewery Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 529-535 Drewery Rd?
529-535 Drewery Rd is in Cobourg, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 529-535 Drewery Rd been on the market?
470 days — 529-535 Drewery Rd was listed on July 21, 2025.
What is the price per square foot of 529-535 Drewery Rd?
About $710 per square foot: the asking price of $3,549,000 over the 5,000 sq ft the listing gives.
Does 529-535 Drewery Rd have parking or a garage?
Yes — the listing gives 10 parking spaces.
Does 529-535 Drewery Rd have a basement, and is it finished?
The listing says 529-535 Drewery Rd has no basement.
