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38 Covert Street

Cobourg, Cobourg, K9A 2L6

$889,000

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Listed 11 days ago · MLS® X13880260

About this home

38 Covert Street offers a strategic investment opportunity in the heart of downtown Cobourg. Well-known as the long time home of the Cat and Fiddle restaurant this 3156 square foot MC zoned building provides strong commercial versatility and excellent potential for value growth. Its location in Cobourg's thriving core supports a wide range of future uses making it appealing for both owner operators and long term investors. The main floor features a full commercial kitchen and a pub style dining area with a classic bar creating an immediate opportunity for continued restaurant or hospitality operations. The second level includes a cold prep kitchen, a private dining room, an office, and a large flexible space suitable for events overflow, dining, or potential residential conversion subject to municipal approvals. Two spacious washrooms serve the upper level. A large outdoor patio enhances seasonal revenue potential and adds strong curb appeal. While kitchen and dining equipment are not included in the offering they are negotiable allowing buyers to decide between a turnkey food service option or a redevelopment strategy. The MC zoning supports a variety of commercial and mixed use configurations and buyers may explore creating two upper level apartments while maintaining commercial use on the main floor in consultation with the planning department. With its established reputation, high-visibility, flexible zoning, and strong demand for quality commercial space in downtown Cobourg this property presents an exceptional opportunity for investors seeking stability future redevelopment options or income producing potential, in a prime location.

Details

Type
Commercial Retail
Lot
46 × 146 ft
Garage
None
Property tax
$6,696 (2025)
Neighbourhood
Cobourg
Municipality
Cobourg

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Water and sewer
Sanitary
Utilities
Yes

Building and exterior

Building area
3,156 Square Feet

More

Possession
TBD
Cross street
Covert And George St
Business type
Hospitality/Food Related

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 3 grocery stores, 23 cafés and restaurants, 4 parks, 3 pharmacies. Nearest grocery: The Market & Smør (300 m). Nearest park: Rotary Waterfront Park (300 m).

Schools nearby

Elementary

  • St. Michael Catholic Elementary School Catholic
    EQAO: Gr 6 reading 94%, math 44%    5 min walk
  • C.R. Gummow Public School
    EQAO: Gr 6 reading 89%, math 53%    18 min walk
  • Burnham Public School
    EQAO: Gr 6 reading 81%, math 56%    1.7 km
  • Notre Dame Catholic Elementary School Catholic
    EQAO: Gr 6 reading 96%, math 65%    1.9 km

Secondary

  • Cobourg Collegiate Institute
    EQAO: Gr 9 math 53%, literacy test 81%    1.2 km
  • Northumberland Centre for Individual Studies1.9 km
  • St. Mary Catholic Secondary School Catholic
    EQAO: Gr 9 math 57%, literacy test 75%    2.4 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K9A

Owners / renters
74% / 26%
Median household income
$82,000
Average age
49
Children under 15
13%
Homes
65% detached, 3% high-rise
Commute by transit
1%
Population
26,757

Languages spoken most at home besides English: Arabic 0.3%, Korean 0.2%, Mandarin 0.1%, Tagalog (Pilipino, Filipino) 0.1%.

Safety

Crime Severity Index for Cobourg police: 85 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by COLDWELL BANKER - R.M.R. Real Estate.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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