$889,000

About this property

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.

Property details