CDCI West Playing Field being readied for Sale

When the CDCI West School was sold, the sale did not include the land behind the school used for sports.  In Cobourg, this is prime waterfront land and occupies (by my estimate) about 1.4 Hectares or 3.6 acres.  It fronts onto Durham Street.  For 15 years, the school board had a hand shake agreement with the Town allowing a boardwalk to be built across the unused part of the land near the West beach.  This easement was never formally/legally setup because the School Board said they had “no intention of developing the property in a manner inconsistent with the Town’s continued use of the easement”.  But now, the situation has changed and the School Board wants an official/legal easement but… Read complete articleCDCI West Playing Field being readied for Sale

Durham Architecture Students Display ideas for Downtown

Architectural Technology students from Durham College were asked to produce practical designs for potential development locations in Downtown Cobourg.  Their teacher Ali Taileb gave them a choice of one of two locations on Albert Street: either the land adjacent to Rotary Park which is now a parking lot or the land on the South West corner of Albert and Division – now occupied by buildings.  They had to resolve issues that would come up for site plan approval and were briefed on that by Cobourg’s Planning Department.  As a result they worried about issues such as preserving one of the trees, moving buried water mains, parking requirements and more.  They also had to comply with a requirement for a mixed… Read complete articleDurham Architecture Students Display ideas for Downtown

Condos in East End of Cobourg

It’s not only affordable Rental housing that’s scarce in Cobourg, but also reasonably priced condos – at least that’s what “200’s” is now considered to be. Stalwood homes has already built and sold 20 such units in their East End development off the South end of Brook Rd North and now wants to start phase 2 with another 20.   At Monday’s C.O.W. Council meeting, the site plan for two more 10-plex units was approved although Councillor Emily Chorley was “disappointed” that there were no accessible units included.  Director Glenn McGlashon explained that the Province does not require housing less than 600 sq. metres to include them.  The developer said that all 20 have been presold and in response to a… Read complete articleCondos in East End of Cobourg

Commercial Properties Update – March 2019

Although there are concerns about some empty stores in Cobourg, there are other businesses that seem to be doing well.  But even if you are doing well, it may be time to retire or simply move on.  In addition, some businesses are tenants and the owners of their building want to sell. When businesses and buildings sell, it lets everyone know what the market thinks that these properties and businesses are worth.  Real Estate agents have to publish their offerings to connect with buyers yet they are also often coy about letting the public know because the business may not want clients to know they are thinking of moving out or maybe shutting down.  In many cases, there are two… Read complete articleCommercial Properties Update – March 2019

Petition to Keep Northumberland Mall

In August 2018, Northumberland Mall announced that they had a new owner and that they had plans to at least do a facelift and more likely do a major upgrade.  The planned expansion of the cinema was put on hold and we were told that there should be some news by January but this did not happen.  Meanwhile a few stores have closed although others are continuing.  Not content with waiting for something to happen, Kim Goebel has started an online petition at Change.org asking management to keep it the way it is and to not turn it into a strip mall. Kim is concerned that poor management has caused traffic to drop so that stores then move out.  After… Read complete articlePetition to Keep Northumberland Mall

CIP Update and Plan for 2019

At the Committee of the Whole meeting on Monday 11 March, staff will report on the results of the Community Improvement Plan (CIP) for 2018 and the planned process for 2019.  As mentioned in the report, the CIP has been implemented since 2016 in response to a 2013 survey where Cobourg residents expressed concern about the “poor appearance of building exteriors, back lanes and parking lots”.  The Downtown Cobourg Vitalization CIP is a collection of 8 incentive programs providing grants or loans for some of the cost of improvements.  The cost to the Town consists of grant dollars, plus loan admin and interest costs, and when compared to the applicants’ contribution, this produces leverage ratios which were 3:1 in 2016,… Read complete articleCIP Update and Plan for 2019

House prices stay level – sort of

With interest rates rising, there has been a lot of talk that homes would be less affordable so prices would go down – but that has not happened, at least not yet.  Instead they are fairly steady in both Toronto and Cobourg.  In my last report in September, average house prices in August were around $480K and now they are nearer $430k although still higher than mid-year 2017.  But prices vary tremendously depending on location and other features.  The backlog (or to put it in realtor terms “inventory”) is larger which probably means some houses are not selling because they are overpriced – if a house is taking too long to sell, it seems to me that few people want… Read complete articleHouse prices stay level – sort of

Cobourg’s Downtown Restaurants

There are a lot of restaurants in Cobourg with a large concentration downtown. Today I walked along King street from Hibernia to Victoria Park and counted 18 restaurants although that did include some that would be better described as coffee shops. There are also at least another 6 nearby.  Some are new and some are up for sale – a new addition is the Taste of Agra, an Indian restaurant which occupies the space formerly used by the Golden Chopsticks which moved a few doors along.  I have listed them all below. The building housing the Matterhorn has now been listed for $899K with the statement that the restaurant is owner operated. I take this to mean that the current… Read complete articleCobourg’s Downtown Restaurants