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Lots & Land in Cobourg
Unit Lot at 550 King Street East
A marquee development opportunity in Cobourg at 550 King Street East -- a landmark location offering 4 acres of potential and endless possibilities. Introducing a rare opportunity to acquire one of Cobourg's most prominent east-end properties. Strategically positioned with approximately 400 feet of frontage on the sunny side of King Street East, #550 is a true gateway property, capturing attention as you enter town. With its high-profile location, substantial landholding and development zoning, this exceptional 4 acre parcel presents an exciting opportunity for visionary builders, savvy investors and developers looking to secure a significant presence in a growing community. Offering municipal water, sewer, natural gas and featuring two entrances directly off King Street East, this property provides a compelling foundation for future development. Surrounded by new and established residential neighbourhoods along with new build commercial amenities, the location places future possibilities within a community experiencing continued growth and transformation. Opportunities of this scale and visibility are rarely available in such a strategic location. Whether you are an established developer expanding your portfolio or a builder seeking your next significant project, 550 King Street East offers the chance to envision what comes next in one of Cobourg's most recognizable locations. Property is being offered primarily for its land value and future development potential. The existing dwelling and outbuildings are not available for showings.
Cobourg land priced at $4,250,000 — book a tour to see if it fits your search.
Inside 550 King St E #Lot
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
4.11
Listing & possession
Property class
Vacant Land
550 King St E #Lot Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14093796$4,250,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 550 King St E #Lot Compares to the Cobourg Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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
$20,879
/mo
based on the purchase price of $4,250,000
$850,000 cash
$3,400,000 financed
$2,863,692 total interest
Principal54%$3,400,000
Interest46%$2,863,692
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
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Book a tour of 550 King St E #Lot with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 550 King St E #Lot day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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 550 King St E #Lot
Homes for sale in Cobourg
Every active Cobourg MLS® listing, updated all day.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio97.6%On average, homes sold below asking.
Active listings229Homes for sale here right now.
Median vs prior 90 days0.0%Compared with Apr 25 – Jul 24, 2026.
Based on 143 sales from Jul 24 – Oct 22, 2026 (111 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 550 King St E #Lot
How much is 550 King St E #Lot listed for?
550 King St E #Lot is listed at $4,250,000 (MLS® X14093796). Summitly updates the price as soon as the MLS® record changes.
Has the price of 550 King St E #Lot changed?
No — 550 King St E #Lot is still listed at its original asking price of $4,250,000.
How many bedrooms and bathrooms does 550 King St E #Lot have?
The listing for 550 King St E #Lot doesn't publish its bedroom and bathroom count. It is a lot in Cobourg.
How much would the monthly mortgage be on 550 King St E #Lot?
About $20,879 a month — principal and interest on $4,250,000 with 20% down ($850,000), 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 550 King St E #Lot compare with other homes in Cobourg?
Its asking price of $4,250,000 is about 575% above the median sold price in Cobourg over the last 90 days, $630,000, across 143 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 550 King St E #Lot been sold before?
Summitly has no earlier MLS® sale or lease of 550 King St E #Lot on record from the last two years. Older records aren't shown under TRREB rules.
Where is 550 King St E #Lot?
550 King St E #Lot is in Cobourg, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 550 King St E #Lot been on the market?
3 days — 550 King St E #Lot was listed on October 19, 2026.
What is the lot size of 550 King St E #Lot?
The lot is 3.495 acres, as published in the listing.
What is the land transfer tax on 550 King St E #Lot?
About $92,725 in Ontario land transfer tax at the asking price of $4,250,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 550 King St E #Lot or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 550 King St E #Lot?
The listing for 550 King St E #Lot doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Cobourg.
