3,156 ft²46 × 146 ft (6,716 sq ft) lot sizeListed 26 days ago
Overview
This retail property in Cobourg is for sale offering roughly 3,156 sq ft of space. It has been on the market 26 days, fresher than the Cobourg average of 81 days.
38 Covert Street offers a prime investment opportunity in the heart of downtown Cobourg. Long known as the home of the Cat and Fiddle and one of the area's few quintessential British-style pubs, this 3,156 sq. ft. MC-zoned building offers exceptional versatility and redevelopment potential. The main floor features a full commercial kitchen, traditional pub-style dining area, and classic bar, while the upper level includes a prep kitchen, private dining room, office, and flexible space that may suit events, additional dining, or potential residential conversion, subject to approvals. Two washrooms serve the upper level. A large patio enhances seasonal revenue potential. Equipment is negotiable. The MC zoning permits a variety of commercial and mixed-use opportunities, including the potential for upper-level residential units, and the property may qualify for Downtown Cobourg revitalization incentive programs, subject to eligibility. With its established reputation, high-visibility location, flexible zoning, and strong redevelopment potential, this is a rare opportunity in Cobourg's vibrant downtown core. (id:66096)
Property Details
MLS®
X13880260
Property Type
Retail
Zoning
Mc Main Central Commercial
Interior Size
3,156 ft²
Lot Size
46 × 146 ft (6,716 sq ft)
Frontage
46 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$6,696/yr
Listed
26 days ago
Services
Water
Municipal water
Sewer
Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
26d
Cobourg listings, avg age
81d
Price / ft²
$282
List price
$889K
Extended: 26 days on market, against an average age of 81 days across the listings currently for sale in this city
Market timing · days on market0 → 81d avg age of current listings
Extended · day 26
Homes here sell close to asking price
Homes in this market sold for an average of 97.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
Haho
This retail in Cobourg has been listed for 26 days, which is 55 days fresher than the city average of 81. Act while there is still low competition.
Listed by COLDWELL BANKER - R.M.R Real Estate · Paul Lang
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (K9A)
This home lists at $889,000, about 10.8× the local median household income of $82,000.
Carrying it typically needs a household income of about $173,653 (20% down, 25-yr amortization, stress-tested) — roughly 112% above the area median.
Median household income
$82,000
Population
26,757
Median age
53.2
Owner / renter
74% / 26%
Avg. household size
2.3
Source: Statistics Canada, 2021 Census (FSA K9A)
$889,000· $282/ft²
For sale
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