Part 1 Mathew St is a land in Cobourg, listed for $499,000.
1This R4-zoned development lot offers the potential to build up to 4 residential units, making it an excellent opportunity for builders, investors, or developers.
2The lot already has municipal sewer, water & hydro at the lot line, helping streamline the development process.
3Park Levy fee's already paid & lot has a $20,000 Development Charge Credit - a valuable reduction in development-related fees.
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Lots & Land in Cobourg
About Part 1 Mathew Street
Downtown cobourg development opportunity! A rare opportunity to build in the heart of Downtown Cobourg! This R4-zoned development lot offers the potential to build up to 4 residential units, making it an excellent opportunity for builders, investors, or developers. The lot already has municipal sewer, water & hydro at the lot line, helping streamline the development process. Approved for building with severance and rezoning completed in 2025, much of the groundwork is already in place to move forward. Park Levy fee's already paid & lot has a $20,000 Development Charge Credit - a valuable reduction in development-related fees. Ideally located close to everything Downtown Cobourg has to offer, including the beach, marina, restaurants, shopping, parks and downtown amenities. A fantastic opportunity to build new residential units in one of Cobourg's most convenient locations. Renderings were completed for severance to highlight streetscape.
Cobourg land priced at $499,000 — book a tour to see if it fits your search.
Inside Part 1 Mathew St
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
0.2
Listing & possession
Property class
Vacant Land
Part 1 Mathew St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14128594$499,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How Part 1 Mathew St 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
$2,451
/mo
based on the purchase price of $499,000
$99,800 cash
$399,200 financed
$336,231 total interest
Principal54%$399,200
Interest46%$336,231
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.
For homeowners nearby
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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.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio97.5%On average, homes sold below asking.
Active listings233Homes for sale here right now.
Median vs prior 90 days+0.4%Compared with May 2 – Jul 31, 2026: prices up.
Based on 144 sales from Jul 31 – Oct 29, 2026 (105 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About Part 1 Mathew St
How much is Part 1 Mathew St listed for?
Part 1 Mathew St is listed at $499,000 (MLS® X14128594). Summitly updates the price as soon as the MLS® record changes.
Has the price of Part 1 Mathew St changed?
No — Part 1 Mathew St is still listed at its original asking price of $499,000.
How many bedrooms and bathrooms does Part 1 Mathew St have?
The listing for Part 1 Mathew St doesn't publish its bedroom and bathroom count. It is a lot in Cobourg.
How much would the monthly mortgage be on Part 1 Mathew St?
About $2,451 a month — principal and interest on $499,000 with 20% down ($99,800), 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 Part 1 Mathew St compare with other homes in Cobourg?
Its asking price of $499,000 is about 21% below the median sold price in Cobourg over the last 90 days, $632,500, across 144 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 Part 1 Mathew St been sold before?
Summitly has no earlier MLS® sale or lease of Part 1 Mathew St on record from the last two years. Older records aren't shown under TRREB rules.
Where is Part 1 Mathew St?
Part 1 Mathew St is in Cobourg, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has Part 1 Mathew St been on the market?
Part 1 Mathew St was listed today (October 29, 2026).
What is the lot size of Part 1 Mathew St?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on Part 1 Mathew St?
About $6,455 in Ontario land transfer tax at the asking price of $499,000. 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 Part 1 Mathew St 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 Part 1 Mathew St?
The listing for Part 1 Mathew St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Cobourg.
