With the sale of the old Curling building on Queen and the plans to build Condos there (see link below), I asked myself, what else is for sale in Downtown Cobourg? Quite a number of buildings are on the market – many with tenants – so in that case, there may not be any visible change when they are sold. In my survey, the first thing I noticed is that the building at 101 King West, which was the Milestone Boutique, has now changed hands: Milestone moved to Port Hope and a Port Hope business took their place in Cobourg. The new business is Raw Animal Diet Inc. and they sell raw pet food which they believe is better for pets – certainly more natural.
“Raw 101” is currently open although their grand opening is not scheduled until August 25 – they were previously operating out of their Port Hope home but they chose this location to grow the business (photo at right).
- Division and Albert Corner – known as 9 Albert Street and 173 and 185 Division street. This is prime land and would probably be redeveloped in some fashion. The asking price is $1,300,000.
- Corner of Division and Charles. This location has a luxury house, a small separate apartment and a summer ice cream business (Harbourlight). You can have it all for $2,999,000.
- Craft House and the Loft at 201 Division Street – this property is currently owned by Harden and Huyse but they moved out in favour of the Craft Food House. The building (only) is up for sale at $1,050,000
- 1 King East – the retail space was most recently used by TVM group to sell the Harbour Breeze condos at the Legion property. (There’s only one left unsold – asking price is $464,900). The second floor space at 1 King East provides for a licensed billiard establishment. The main floor is available for lease at $12/sq ft – either to one tenant or subdivided.
- 2 King East. The developer, McDane has not been able to get any takers for many years. They are pushing a project called “Cobourg Village Square”. Originally this was promoted as a Condo project with ground floor commercial but now they are simply trying to lease commercial suites.
- Corner of Third and King (73 King West) – the 6 ground floor commercial units and the 8 upper floor apartments seem to all be occupied. The Town’s listing of available buildings includes this building but no prices are available. I suspect it has been sold.
- 41, 43, 45, 47 King West – owned by Mr. Fung Louie, owner of the Midtown restaurant. Apart from the unit at 47 King W. occupied by the Buy and Sell business, these buildings are in poor shape – at least to look at. They all have space for apartments on the upper floors but I believe they are unfit and not occupied. The asking prices are:
|Address||Retail space||Total space||Asking|
|41 King West||2,000 sq. ft.||6,000 sq. ft.||$549,000|
|43, 45 King West||2,762 sq. ft.||8,633 sq. ft.||$599,000|
|47 King West||2,200 sq. ft.||6,600 sq. ft.||$649,000|
- 9 King Street East – 3 leased retail stores, second floor with 3 vacant but newly renovated apartments (1 Br, 2 Br And 3 Br). Total Retail Area 2,950 sq. ft., Total Apartment Area 2660 sq. ft. Asking price is $798,000.
- Quigley lot at 202 Second street – the most recent building on this site was the Quigley Hardware store but it is now vacant and used as a Town parking lot. A condo development for 34 Townhomes was approved for this location a few years ago and salesman Grant Gibson is hoping to find a developer who will proceed with the project. (Architect’s view of development here). The asking price is now $2,800,000.
- Sarby’s – the large store at 52 King Street previously occupied by the Sarby’s department store was recently sold to Yossi Rappaport and his partner at Kest and York Development Inc. as described in the post on the “Start Here” program. A year ago, the asking price was $1,199,000. They are now looking for one or more tenants.
Although some of the ex John Lee properties at 79 King West are for sale and others are occupied, I was not able to figure it all out – sorry. However, I did notice that the Heaven on Earth Spa location has been taken over by Royal Spa – but they have been there for a while.
A number of people believe that a prerequisite for Cobourg’s Downtown to thrive, the number of people living downtown has to increase. Several of the above properties have unoccupied apartments or there are plans to build condos on them. This points to a solution to the downtown vitalization problem.
Note that the above is my assessment as of today – if you are interested in buying or leasing, please contact a Real Estate Agent. The above is simply for information about Cobourg’s Downtown.
- Town to Sell Parking Lot on Queen Street – 19 June 2018
- Town of Cobourg’s listing of Available Downtown Buildings (This link may not be available for too long)
- Apartments Downtown – First mention of Condos at 2 King East – 18 November 2014