Cobourg Real Estate Market Overview
For a small town, Cobourg offers aspiring buyers a large inventory of homes. You will find about 100-150 homes listed for sale here most weeks even though the population is about 20,000 people. Despite being just 1 hour from Toronto, the homes are more affordable than nearby towns. You can buy a 3-bedroom single-family detached home for $695,000 or less. The average sale price for townhouses and condos hover around $500,000. The town features a close-knit community where everybody knows everybody. For a place with a population under 25,000, Cobourg has been named as one of the best places to live in Canada several times. The lakeside community offers excellent amenities and outdoor recreational opportunities. Cobourg is the largest town in Northumberland County.
Why buy a rent-to-own home/condo in Cobourg, Ontario?
The following real estate market overview will help you decide if Courtice is the right destination for you to buy a home:
- The community is located along the northern shore of Lake Ontario. It is situated in proximity to Toronto to the west and Kingston to the east. While there are many career opportunities in the thriving food and plastic sectors in the town, many residents commute daily to the GTA and other nearby cities for work. It’s location along Highway 401 has made the town an attractive destination for businesses as commercial development continues to boom here.
- You will be surprised at the number of amenities that Courtice offers for a small town. There are plenty of parks, gyms, halls, sports fields, playgrounds, and soccer pitches. In In 2011, Cobourg opened a massive $27 million community centre. Cobourg Seniors Activity Centre is a popular place among senior citizens.
- The town features nearly 30 parks. Victoria Park Beach is an excellent place to enjoy the outdoors and waterfront activities. West Beach is also situated in close proximity. Community events are organized on a regular basis. The Waterfront Festival organized in the first weekend of July is one of the most popular ones. The town is known as the gem of Lake Ontario. You can see boats docked at the harbour around the Lake Ontario.
How to buy a rent-to-own home in Cobourg with bad credit
We provide flexible home buying solutions with our unique rent-to-own program in Cobourg. We have helped home buyers newly immigrated to Cobourg as well as those struggling with credit due to divorce, bankruptcy, poor credit situation and similar situations. It means no matter what your credit situation or citizenship status is, we can help your overcome all types of home buying challenges. You can buy a rent-to-own home, condo or townhouse in Cobourg regardless of your credit situation. Get in touch with us today to learn more.
Cobourg Area Highlights
A quick view of the most influential metrics in Cobourg
Average Sale Price (Detached homes)
$695,000
Population
Average Sale Price (Townhouse)
$495,000
Average Sale Price (Condos)
$480,000