$799,900

Commercial For Sale In Glace Bay, Nova Scotia

$799,900

Property Information:

Presenting a remarkable DEVELOPMENT and INVESTMENT opportunity in the heart of Glace Bay. This (TO BE COMPLETED BY BUYER) APARTMENT COMPLEX will offer 21 mixed-sized residential units across a two-floor building, featuring STUDIOS up to THREE-BEDROOM apartments.(TOTAL 21,472 FT SQ). Ideally positioned to attract a DIVERSE TENANT BASE, this property is within CLOSE PROXIMITY to major local institutions such as Cape Breton University, Cape Breton Regional Hospital, and the Nova Scotia Community College (NSCC), making it a prime choice for affordable RENTAL HOUSING. KEY FEATURES: 21-UNIT residential building with a variety of apartment layouts (studio, 1-bedroom, 2-bedroom, 3-bedroom) and 26 PARKING SPACES. STRATEGIC LOCATION:A central Glace Bay property poised to attract tenants from nearby universities, hospitals, and businesses. DEVELOPMENT PROGRESS: Foundation is poured with roughed in plumbing and protected by the original first floor framing streamlining the path to project completion. INCLUDED in the sale: All architectural plans, blueprints, and construction drawings, some construction materials. CONSTRUCTION FINANCING available to qualified buyer. This project MAY QUALIFY for funding from the Affordable Housing Development programme.This is a rare opportunity for investors looking to enter or expand in the residential rental market, with significant potential for high occupancy rates and solid returns. Being sold "AS IS".

Property Features:

  • Building Amenities: See Remarks, See Remarks
  • Construction: Wood Frame
  • Documents on File: Aerial Photos, Blueprint, Bldg Location Cert, Floor Plan, Land Survey
  • Driveway/Parking: Dirt
  • Floor Space (approx): 21472 Square Feet
  • Flooring: See Remarks
  • Fuel Type: None
  • Heating/Cooling Type: None
  • Property Size: 0.5 to 0.99 Acres
  • Rental Equipment: None
  • Roof: None
  • Site Influences: Cleared, Shopping Nearby, Cleared, Shopping Nearby
  • Sub-type: Residential Units
  • Title to Land: Freehold
  • Utilities: Municipal Water, Sewer
  • Water Source: Municipal

Courtesy of: Cape Breton Realty

Data provided by: Nova Scotia Association of REALTORS® 68 Highfield Park Drive, Suite 112, Dartmouth, Nova Scotia B3A 0E4
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