Vacant Land For Sale in Cobourg, ON

1 Ballantine St.

Price: $749,000

Location! Location! Location! Hard to beat this.

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6656391 Canada Inc.

Buyer Agent Friendly

This seller is willing to negotiate sales commission with any real estate agent who brings an acceptable offer from a qualified buyer.

0.3 acres
Lot Size
$4,454
Annual Taxes

Rare corner lot (1242sqm/0.31 acres). 1km south on Cobourg's main 401 exit and north/south artery: Division St. and Ballantine St.

  • Frontage - Ballantine St. = 41.87m (137ft 4.4in)
  • Frontage - Division St. = 22.86m (75ft)

  • District Commercial (DC) zoning with residential as a secondary use above, max 4 stories.
  • A copy of the current Zoning By-law is found under the following link - see ZONE REGULATIONS:SECTION 14
  • https://www.cobourg.ca/en/our-government/resources/Frequently-requested-bylaws/by_2003ZoningBylaw085-2003.pdf

  • Environmental audit done before the ground work showed no issues (included)
  • Engineered parking, building site, drainage, sewer, retaining wall drawings included.
  • Landscape, survey, site application/plan doc’s included.

  • Retaining wall boarders the east and south property lines. The outer edge of the wall are the property lines
  • Wall has been over designed for long life, 3ft base, 10" thick walls with 2x rebar.

  • Sanitary Sewer hooked into Town with (sewer/manhole) on the lot.
  • Water hooked into Town water and coiled on the lot.
  • Electric conduit to transformer station into lot.
  • Underground lot drainage has been installed (2x sewer, OGER, pipes). Lot parking/building area is all deep B gravel.

  • Note: Town of Cobourg owns 1ft on Division St. side. This means no entrance from Division St. is allowed. Due to this the owner is not responsible for sidewalk clearing, grass cutting, tree fees, etc. All the benefits, none of the costs.

  • Excellent property location for commercial business(s), commercial business(s) + residential above, or as an investment.
Dominion Lending Centres

6.00%

Current Variable Rate

6.95%

Current Prime Rate
Please Note: Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. & E.O
Terms
Bank Rates
Payment Per $100K
Our Rates
Payment Per $100K
Savings
6 Months
6.59 %
$675.29
7.49 %
$730.93
$-55.64
1 Year
7.84 %
$753.03
6.59 %
$675.29
$77.74
2 Years
7.34 %
$721.53
6.17 %
$649.95
$71.59
3 Years
6.99 %
$699.80
5.24 %
$595.34
$104.46
4 Years
6.79 %
$687.50
5.37 %
$602.85
$84.65
5 Years
6.84 %
$690.57
4.89 %
$575.36
$115.21
7 Years
7.10 %
$706.60
6.09 %
$645.17
$61.43
10 Years
7.25 %
$715.92
6.14 %
$648.15
$67.77

Property Features

Listing ID: 567508

Property Type
Vacant Land
Ad Type
For Sale
Ownership
Freehold / Fee Simple
Asking Price
$749,000
View Rest of Property Features

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Dominion Lending Centres
$749,000
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Dominion Lending Centres

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6656391 Canada Inc.


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