
$889,000
Added 29 days ago
Property type
Commercial Retail
Lot
46 × 146 Feet
Taxes
$6,696 /yr
MLS®
X13880260
Listed by
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COLDWELL BANKER - R.M.R Real Estate
Source
TRREB
Days on market
29
Added
Oct 9, 2026
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 dining 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.
38 Covert Street, Cobourg, ONGet directions
Estimate your monthly payment
Estimated monthly payment
$3,949/mo
Principal + interest
$3,949
Total interest
$473,513
Estimate only. Excludes property taxes, heating and maintenance. Rates and terms subject to lender approval.
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