Update on House Prices in Cobourg

There’s been a lot of discussion recently on the need for affordable housing in Cobourg – both new and rental. But many in Cobourg own their own house – in 2016, according to the census, there were 8,788 households in Cobourg and according to CMHC, in October 2018 there were 1068 rental units. The difference of over 7000 are mostly homes that are owned although perhaps with a mortgage. For many of these 7000+ households, this also represents a large part of their net worth and therefore their savings for retirement.  So the sale price of their home is important and the good news is that despite well-publicized talk of prices dropping, they have not. (Or bad news for renters). The same is… Read complete articleUpdate on House Prices in Cobourg

Council approves re-zoning for Balder Corp Development

The planned development at the West End of University Avenue is described as affordable rental units.  But all units are also accessible – and activist Jerry Ford was at the Public meeting on Monday expressing full support.  The presentation by WND Associates described the 4 story building with reference to how it generally met the requirements of the County’s Official Plan and the Town’s Official Plan but rezoning is required to allow the proposed apartment building.  The land is currently occupied by a former lumber business, an empty house and a house used partly for business purposes at 387 William Street.  The intent is to leave the William street property as is but demolish the rest and build a new… Read complete articleCouncil approves re-zoning for Balder Corp Development

More Growth Planned for East End

Stalwood Homes is currently building and selling homes in the East end at Brook Road north of King Street and south of the railway tracks.   This is now at Phase 3 (of 4) of East Village. They own the land to the East of that and have now submitted an application for approval of a draft plan of subdivision for 333 housing units in that area which will be called East Village Phase 5.  This will require rezoning and an Official Plan amendment for the part of that area where a high density apartment block is proposed.  Because of that, a public meeting was held on Monday, June 24 to allow the public to provide input.  The Planning and Development… Read complete articleMore Growth Planned for East End

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