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Couple’s investment preserves local architectural heritage

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5 years ago

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A St. Catharines couple have not only invested in Chatham-Kent, they have invested in preserving some local architectural heritage.

The Chatham-Kent Municipal Heritage Committee presented the gift basket to Diana McAdorey, front left, and her husband Conn, second from left, in appreciation for the St. Catharines couple, purchasing the designated heritage property at 315 Queen St. in Chatham. Also pictured from back left, are Jim Giffin, heritage committee member, Mayor Darrin Canniff, heritage member RonVanrabaeys, heritage committee chair Susan Simpson and Michelle Beaton, property manager of Marda Management from Windsor. (Ellwood Shreve/Chatham Daily News)

A St. Catharines couple has not only invested in Chatham-Kent, but has invested in preserving some local architectural heritage.

Conn and Diana McAdorey received a welcome Thursday by members of the Chatham-Kent heritage committee and Mayor Darrin Canniff to show their appreciation for their purchase of315 Queen St. in Chatham, a heritage building.

Conn McAdorey spotted the building, which was built in 1905 to serve as the Canada Business College and later an OPP detachment before being converted into luxury apartments in the late 1990s, and was immediately attracted to the architecture and condition of the structure.

“We look at small townships for investment and, as soon as I drove up to this, I could see the value in the building,” he said.

Drawn by the Dutch Renaissance architecture, the couple said “learning more about the storied history of the building, and it’s long-standing place in Chatham’s history, deepened our interest.”

That history includes the former college e boasting such graduates as James Westervelt, principal of what is known as Westervelt College in London, and Tom Thomson, one of the famous Group of Seven Canadian landscape painters.

The dominant architectural feature is the two large square towers with domed roofs anchoring the front facade.

Between the towers is a large verandah at the front of the building that once held a balcony on the second floor covered by a large awning.

The only modern exterior addition is a rear stairwell installed during the 38 years the building was occupied by the OPP.

Otherwise, the building has the same basic appearance today as when it opened on Jan. 1, 1906.

Heritage committee chair Susan Simpson said five heritage-designated buildings sold in Chatham-Kent over the past year, which was unexpected.

Prior to that, she said the last heritage-designated building sold in Chatham-Kent was in 2016.

“We’ve been looking at how they’ve done in the market, when looking at comparables …they’ve sold for well over their assessed values,” Simpson said.

Canniff said Chatham-Kent is a growing community, “but it’s important to remember the past.”

He appreciates the McAdoreys saw the value in the heritage building.

“I look forward to having my grandkids come by this building and see it like it is today.”

Conn McAdorey praised the municipality for helping in the process to upgrade a guest suite to officially take the apartment building from 10 to 11 units.

“We’ve dealt with other municipalities and it can be difficult sometimes,” McAdorey said. “When we dealt with the people downtown here (in Chatham), it was very, very easy every step of the way, including turning this into an official unit.”

Canniff asked them to “spread the word” about their positive experience in dealing with Chatham-Kent.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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3 weeks ago

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October 16, 2024

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX up more than 200 points, U.S. markets also higher

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4 weeks ago

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October 11, 2024

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

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4 weeks ago

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October 10, 2024

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TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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