5 DUNNING DRIVE, Cobalt

$499,999

For sale: Vacant Land

Vacant Land at 5 DUNNING DRIVE, Cobalt
Property type
Vacant Land
MLS®
MLS® T14088710
Neighbourhood
Cobalt

Exceptional opportunity to acquire vacant land in the heart of historic Cobalt! Featuring street exposure on three sides, 5 Dunning Drive offers a prominent setting for a future residential project/Houses/Condos/Long Term Care Centre. R3 zoning provides potential for residential development, subject to applicable holding provisions, municipal requirements and approvals. Potential lake views from the second storey and above, depending on building placement and design. The property offers convenient transit access with a bus stop at your doorstep. Explore the possibilities in this distinctive Northern Ontario community.

Sold data

Homes in Cobalt — recent sold market

Homes in Cobalt took a median of 34 days to sell over the last 730 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 84, across 43 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 42 days.

The median sale price was $110,000.

Homes sold for about 8.3% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 28% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$110,000
Sale-to-list ratio
91.7%
Sold above asking
12%

Based on 43 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 5 DUNNING DRIVE