33
$889,000 Sale
Listed 35 days ago
38 Covert Street
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Key Facts
Key facts for 38 Covert Street
Property Type
Commercial
Parking
None
MLS #
X13880260
Size
-
Basement
-
Listed on
2026-10-09
Lot size
46 x 146.0
Tax
$6,696 /yr
Days on Market
35
Approximate Age
-
Maintenance Fee
-
Description
38 Covert Street offers a prime investment and redevelopment opportunity in the heart of downtown Cobourg. Home to the Cat & Fiddle, a quintessential British-style pub established in 1985, this 3,156 sq. ft. building offers exceptional versatility with a commercial kitchen, traditional pub-style din...ing area, classic bar, and a legal 80-seat patio that drives strong seasonal revenue potential. An existing liquor license further enhances the appeal of this opportunity. The upper level includes a prep kitchen, private dining room, office and flexible space. Approved plans include the conversion of the upper floor into two residential apartments, along with ground-floor improvements including accessible washrooms and expanded dining and patio space. Previous redevelopment plans for the property have also received support through municipal revitalization programs. Zoned MC, the property permits a broad range of commercial and mixed-use opportunities, while the substantial rear portion may offer additional future development potential, subject to approvals. With its established reputation, high-visibility downtown location, flexible zoning, existing restaurant infrastructure, liquor license and redevelopment potential, this is a rare opportunity in Cobourg's vibrant downtown core. Offered for sale as the owner has stepped back from active operations and transitions toward retirement.
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Courtesy of: COLDWELL BANKER - R.M.R Real Estate