I am writing on behalf of the team behind the proposed development at 202 Second Street in downtown Cobourg, a joint venture led by Balder Corporation, with Dez Capital serving as our lending and development partner.
Balder Corporation has been active in Cobourg and Northumberland County for the past 7–8 years. Our commitment to quality and community-focused development is exemplified by our work at 325 University Avenue West, where we took deliberate steps to enhance the surrounding streetscape and contribute meaningfully to the neighbourhood.
For 202 Second Street, we have assembled a team of professionals who are both mindful and respectful of the heritage character of downtown Cobourg. From day one, we have approached this project with a deep appreciation for the historic and cultural fabric of the area — while also recognizing the critical need for increased housing density in the downtown core. BSN Architects, our architects on the project, have a long list of heritage sensitive projects that they have executed across Ontario.
The development, which includes approximately 196 condominium units, stands to deliver a number of long-term benefits to the Town of Cobourg, including:
- Increased vibrancy and foot traffic in the downtown area, supporting local businesses and encouraging a more walkable community.
- Expanding the town’s tax base, which supports municipal services and the broader community.
We would also like to clarify a point regarding parking. The land at 202 Second Street is privately owned and is currently being used as a temporary income-generating parking lot while we move through the development process. It is not a municipally designated parking area, nor has it ever been included in the Town’s official parking inventory or calculations. As such, its current use as parking does not impact the findings of recent parking studies.
Open House
Hosted by Balder Corporation and Dez Capital
Date/Time: Sept 12, 2025 2 pm to 3:30 pm
Venue: Cobourg Public Library