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CBC
a day ago
- Automotive
- CBC
For $3.4M, you could own this southern Ontario drive-in movie theatre
After 37 years of showing movies under the stars, owner John D'Addetta of the Mustang Drive-In just outside Guelph, Ont., has decided it's time to sell. "I'm reaching 74 years old now and I think it's time to pretty well pack it in," said D'Adetta. "I enjoyed every minute of it. You know, I loved going out there, fresh air, you get to see a lot of people, a lot of friends." The Mustang Drive-In is one of 16 remaining drive-ins in Ontario and a total of 37 across Canada. The nearly five hectare property on Jones Baseline just east of Guelph is listed for $3.4 million. Robert Dickinson, a sales representative for Coldwell Banker Commercial Integrity Real Estate, says the location has been a cornerstone of community entertainment for many years. "It's just an opportunity for a new buyer to take over and operate a beloved business that's still well used by the community," Dickinson said. "You know there are not that many types of entertainment where you can bring the whole family and for an affordable price." Flicker of memories D'Addetta was already in the theatre business in the 1980s. He owned a movie theatre in downtown Oshawa when he had the opportunity to purchase the Mustang Drive-In and another drive-in movie theatre in Cobourg, east of Oshawa D'Addetta says since he took over, there have been a lot of technical changes at the Mustang. "We finally got rid of the outside speakers there, which were a pain in the you know where. People forgot that they had them on their windows, they'd drive off, ripping them off," D'Addetta said adding that resulted in "a lot of maintenance." "We finally got rid of that and we went and picked up our own FM frequency radio station, which improved the sound and everything else." D'Addetta says he was also happy to see the conversion from original film projectors, which made the change from what he calls the "fire hazard" Carbon Arc projector lamp to the Xenon bulb. Then that technology was replaced about seven years ago when movies went from film to digital. Now a feature-length film comes in a small hard drive that they ingest into the projector to show on the screen. Future of the property As more people move to communities throughout southern Ontario, including the Guelph area, there are questions about whether the drive-in could be converted into housing. But Dickinson says the property is currently zoned agricultural with a legal non-conforming use to operate a drive-in movie theatre. "Confirmation with the Township of Guelph/Eramosa would have to be undertaken by the buyer to any change of use," Dickinson said. "Its current use only states that a drive-in theatre can operate there. But there is opportunity to do other income streams including antique car shows, farmers markets and any sort of outdoor venue event permissible by the township." The Mustang Drive-In can fit between 400 and 500 cars on the property and it is currently open every weekend for the summer. D'Addetta says they've also worked to maintain a vibe that reminds people of when drive-ins were first introduced. "There's still the 1950s style diner. I have old clips at intermission of the bouncing hot dogs and all that stuff that's very cute," D'Addetta said. "Much more relaxed atmosphere. Again, you're in your own car. If you don't like the first movie, have a snooze and watch a second movie. We always show a double feature, long weekends or so, triple features."
Yahoo
a day ago
- Automotive
- Yahoo
For $3.4M, you could own this southern Ontario drive-in movie theatre
After 37 years of showing movies under the stars, owner John D'Addetta of the Mustang Drive-In just outside Guelph, Ont., has decided it's time to sell. "I'm reaching 74 years old now and I think it's time to pretty well pack it in," said D'Adetta. "I enjoyed every minute of it. You know, I loved going out there, fresh air, you get to see a lot of people, a lot of friends." The Mustang Drive-In is one of 16 remaining drive-ins in Ontario and a total of 37 across Canada. The nearly five hectare property on Jones Baseline just east of Guelph is listed for $3.4 million. Robert Dickinson, a sales representative for Coldwell Banker Commercial Integrity Real Estate, says the location has been a cornerstone of community entertainment for many years. "It's just an opportunity for a new buyer to take over and operate a beloved business that's still well used by the community," Dickinson said. "You know there are not that many types of entertainment where you can bring the whole family and for an affordable price." D'Addetta was already in the theatre business in the 1980s. He owned a movie theatre in downtown Oshawa when he had the opportunity to purchase the Mustang Drive-In and another drive-in movie theatre in Cobourg, east of Oshawa D'Addetta says since he took over, there have been a lot of technical changes at the Mustang. "We finally got rid of the outside speakers there, which were a pain in the you know where. People forgot that they had them on their windows, they'd drive off, ripping them off," D'Addetta said adding that resulted in "a lot of maintenance." "We finally got rid of that and we went and picked up our own FM frequency radio station, which improved the sound and everything else." D'Addetta says he was also happy to see the conversion from original film projectors, which made the change from what he calls the "fire hazard" Carbon Arc projector lamp to the Xenon bulb. Then that technology was replaced about seven years ago when movies went from film to digital. Now a feature-length film comes in a small hard drive that they ingest into the projector to show on the screen. LISTEN | : As more people move to communities throughout southern Ontario, including the Guelph area, there are questions about whether the drive-in could be converted into housing. But Dickinson says the property is currently zoned agricultural with a legal non-conforming use to operate a drive-in movie theatre. "Confirmation with the Township of Guelph/Eramosa would have to be undertaken by the buyer to any change of use," Dickinson said. "Its current use only states that a drive-in theatre can operate there. But there is opportunity to do other income streams including antique car shows, farmers markets and any sort of outdoor venue event permissible by the township." The Mustang Drive-In can fit between 400 and 500 cars on the property and it is currently open every weekend for the summer. D'Addetta says they've also worked to maintain a vibe that reminds people of when drive-ins were first introduced. "There's still the 1950s style diner. I have old clips at intermission of the bouncing hot dogs and all that stuff that's very cute," D'Addetta said. "Much more relaxed atmosphere. Again, you're in your own car. If you don't like the first movie, have a snooze and watch a second movie. We always show a double feature, long weekends or so, triple features."
CBS News
25-05-2025
- Business
- CBS News
Combining bespoke luxury and state-of-the-art technology at a Weston estate
Sponsored by Coldwell Banker Set in one of Weston's most coveted neighborhoods we find this exceptional suburban estate blending modern architecture, bespoke luxury, and state-of-the-art technology. Luxury real estate expert and recurring guest Ricardo Rodriguez takes host Rachel Holt for a private tour of the property and shares what makes this such a unique home.
Hindustan Times
20-05-2025
- Business
- Hindustan Times
'Does the area flood?' Bengaluru homebuyers and investors now have fresh real estate worry
Incessant rainfall has brought Bengaluru to a standstill, with torrential downpours causing widespread waterlogging and flooding across the city, including in some of its most upscale neighborhoods. The crisis has exposed deep infrastructural gaps and is forcing a shift in how homebuyers evaluate real estate. In Bengaluru's rapidly growing real estate market, homebuyers are shifting priorities. Instead of focusing only on amenities or a developer's reputation, many are now asking a more critical question: Does the area flood? Flood risk has become a key concern for investors, say real estate experts. 'The first thing buyers want to know today is whether the location is prone to flooding,' said Disha Mohan, a realtor at Coldwell Banker. 'In areas near lakes, particularly in Sarjapur and the eastern parts of the city, flooding has become a serious issue. Investors are definitely more cautious and discerning now.' Frequent waterlogging in high-demand localities like Sarjapur, Marathahalli, and Yemlur has made flood risk a decisive factor in home-buying decisions. Experts say even premium gated communities and luxury villas have been hit by rising water levels during the monsoon, prompting both investors and end-users to reassess where—and how—they invest in Bengaluru. 'Thinking of buying property in Bengaluru? Skip the brochures and sunny-day site visits,' said one resident. 'The real inspection begins when it rains—because that's when the truth shows up, and it doesn't lie.' Also Read: Bengaluru's flood crisis: Can the Greater Bengaluru Authority save the day? Despite being India's tech hub, experts argue that Bengaluru's worsening flood crisis stems from two long-standing issues: unchecked urbanisation and rampant real estate development. 'Bengaluru once had numerous lakes—now only around 80 remain,' said Sarang Kulkarni, Managing Director of Descon Ventures. 'Many of these lakes have been built over by developers. While it may seem feasible to fill in a lake and construct buildings, the natural contours of the land don't change. Water will still follow its original path, flooding roads and low-lying areas.' Built on undulating terrain, Bengaluru was shaped by a system of interconnected valleys radiating from a central ridge. The city's three major valleys—Hebbal (207 sq. km), Vrishabhavathi (165 sq. km), and Koramangala-Challaghatta (255 sq. km)—once served as natural drainage channels. However, unregulated construction has constricted these waterways, drastically reducing their capacity and increasing flood risk in vulnerable zones. Recent flooding in areas like Manyata Tech Park in the north and the eastern IT hub of Whitefield is a case in point. 'If you look at the current master plan, much of north Bengaluru is still classified as a green zone, with limited development permissions,' Kulkarni explained. 'But developers are acquiring large tracts of agricultural land and launching projects through Joint Venture Agreements. The problem is, these areas lack basic drainage infrastructure.' T.V. Ramachandra, a scientist at the Indian Institute of Science, echoed these concerns. He noted that over the past 45 years, Bengaluru has witnessed a 1,055% increase in built-up area, while losing 79% of its water bodies and 88% of its vegetation. Crucially, the natural connectivity between lakes—which once allowed excess water to flow and settle—has been lost. 'Infrastructure should come before development, not after,' said Kulkarni. 'But in Bengaluru, it's the reverse. We should take cues from cities like Amaravati, where infrastructure was laid out first before opening the area to companies and real estate developers.' As flooding becomes more frequent and severe, experts agree: without a fundamental shift in how the city grows, Bengaluru's infrastructure—and its residents—will continue to struggle. Frequent flooding in certain areas of Bengaluru has led to a noticeable dip in real estate demand, according to real estate brokers. Riyaz Ahmad, owner of Access Realtors, said demand has dropped by around 12–15% in several localities. 'We've seen around a 15% drop in interest along Mysuru Road and Kengeri due to recurring waterlogging. Even in once-hot zones like Hennur Road, which benefited from its proximity to the airport, buyers are more cautious. Their first question is: Does the area flood? That shift in mindset has led to a similar decline in demand.' 'Flooding is now a key concern for homebuyers, and it's visibly impacting demand,' said Manoj Agarwal, Director of Sales and Leasing at Agarwal Estates. Even Bengaluru's most exclusive pockets haven't been spared. On the city's so-called Billionaire Street, where prices hover around ₹25,000 per sq ft, appreciation has slowed noticeably due to persistent flooding issues. 'Flooding is something we've almost come to accept in Bengaluru—but it's not going away,' Agarwal said. 'It continues to affect areas like Marathahalli, Yemlur, and Billionaire Street. Property demand dipped, and resale activity stalled. Recovery has been slow, and even now, these properties haven't appreciated like those in other parts of the city.' Also Read: Bengaluru floods: IT hub resembles Venice as major tech parks and prime apartments flooded As Bengaluru continues to grapple with recurring floods, experts urge homebuyers—especially those investing in high-value properties—to factor flood risk into their decisions. 'Bengaluru is a cosmopolitan hub and the IT capital of India, but its infrastructure tells a different story,' said Kiran Jeevan in an interview with 'Once known as the 'City of Lakes,' the city is losing that identity to unchecked development.' Jeevan recently served a ₹50 lakh legal notice to the Bruhat Bengaluru Mahanagara Palike (BBMP) over the city's deteriorating road conditions. 'Flooded roads have become a persistent issue. It's shocking that a city of this stature still struggles with such basic infrastructure,' he said. With flooding becoming a recurring threat in Bengaluru, experts say homebuyers must take extra precautions before investing in residential projects. Due diligence is no longer just about builder reputation or amenities—understanding the land's history and regulatory compliance is now essential. Start by reviewing historical satellite images on Google Maps to identify signs of past water accumulation in and around the project site, said Kulkarni. 'Buyers should examine village maps to check for natural features like streams or water bodies within the survey numbers covering the project land,' said Kulkarni. 'If such features exist, developers are required to get approvals from the Revenue Department for any realignment or diversion.' Consult both current and proposed master plans to see if there are any planned roads, reservations, or zoning restrictions affecting the land, he said. Search local news archives for reports of past flooding in the area. This can offer a clear picture of the site's flood risk and how it's impacted nearby properties in previous years. Ensure the project is registered with RERA (Real Estate Regulatory Authority), which provides legal safeguards and ensures the developer complies with key regulatory norms, he said. Sneha Nandihal, convener of I Change Indiranagar—a collective of RWAs—emphasised the importance of flood awareness. 'Flooding should be at the top of every buyer's checklist in Bengaluru,' she said. 'This city is meant to drive our economy, yet its citizens are constantly let down by poor planning. I love my Indiranagar, but with the current state of things, I sometimes just want to escape to the wilderness.' Experts agree: in a city like Bengaluru, understanding flood risk isn't optional—it's critical.
Yahoo
18-05-2025
- Business
- Yahoo
This $3.85 Million Laguna Beach House Has a Deck With Stunning Pacific Ocean Views
Don't let the drama from MTV's 2004 hit show Laguna Beach: The Real Orange County fool you. The coastal city doubles as tranquil retreat for many homeowners, alongside picturesque beaches and jaw-dropping ocean views. Those seeking a pad with access to both might find a cottage-style abode overlooking Victoria Beach the perfect place the settle down. Jeff Golden and Tim Smith of Coldwell Banker Realty hold the sun-soaked $3.85 million listing. Located in a private cul-de-sac, the updated three-bedroom home was built in 1924 with over 1,900 square feet of living space. It's been off the market since 2002, when it sold for $1.22 million, reports show. When it came back to market this past April, it initially listed at $4.25 million before receiving a price cut that brought it down to the current asking price. More from Robb Report You Can Rent Carmelo Anthony's Former Fifth Avenue Pad for $43,000 a Month A Trunk Full of the Balvenie's 50-Year-Old Single Malt Scotch Is Heading to Auction Inside Monte-Carlo's Luxe New Cigar Club A gated courtyard welcomes guests onto the property, ahead of French doors that lead inside the beach house. Floor-to-ceiling windows set beneath a soaring vaulted ceiling in the living room allow an abundance of natural light to stream in. Exposed beams highlight the common area set ahead of a den with a red-brick fireplace. The latter also includes custom built-ins and a glass-paneled door that opens out onto the backyard. Homeowners step out onto a private oasis in the rear, where a 400-square-foot deck provides breathtaking Pacific Ocean vistas. RELATED: A Modern Hilltop Home in L.A. With a Central Courtyard and Citrus Orchard Lists for $3 Million Back inside, the gourmet kitchen is anchored by an eat-in island that sits opposite the home's original fireplace from over 100 years ago. Blue Stone counters and Thermador appliances trail the space with Sailor Blue cabinetry, too, ahead of an area that seats four by coastline views. Vintage barn wood flooring leads the way to the primary suite with a captivating sight of its own, plus a built-in desk and ensuite bathroom punctuated by a copper soaking tub that was featured in 2009's comedy-romance flick The Proposal, according to press materials. The primary also opens to out a private patio that's surrounded by lush landscaping. Elsewhere, two secondary bedrooms are featured in the home, with one offering private entry through a Dutch door. There have been a number of notable upgrades to the home, too, such as its 2014 electrical upgrade and new roof/gutters that were done in 2019. A Pure Elements water filtration system installed in 2002, and Lutron-controlled lighting and Rinnai gas heaters incorporated into the coastal pad also make it pleasant for year-round of Robb Report The 10 Priciest Neighborhoods in America (And How They Got to Be That Way) In Pictures: Most Expensive Properties Click here to read the full article.
