Overview
Description
Built in 1905, initially as a bank, no expense was spared with erecting this historical building with 12 inch thick solid cement walls to withstand the test of time and still stands extra solid even for the standards of modern day. With the benefit of the visual exposure on a corner lot in a downtown setting, the main floor features 3 store fronts, each with approximately 1000 square feet of operating space. Two of these units are currently rented. The second floor has been completely gutted, rewired, spray foamed, gyprocked and 90% completed with a new modern look in the two bedroom apartment and the large loft which is currently undergoing more renovations with the potential of another 4 bedroom unit, offices or other residential/commercial uses. Other upgrades include a new furnace, heat pump, vinyl windows and a lot of newer plumbing. The basement, currently used for storage, could be developed to suit your needs. The location of this old building is directly central to Cape Breton and the door to the Cabot Trail and also within walking distance of the Newfoundland ferries. With a world of potential, this large building could serve as living/working space for the new owner while bringing income from the rented units or operate as an Airbnb to pay for the mortgage. Call or text your realtor today for a tour and get started on your plan to bring your dreams to life.
Contact us about this listing & It's History
Neighborhood Information
North Sydney, NS
North Sydney is a maritime community in Nova Scotia, Canada. It's known for being the Atlantic gateway to Newfoundland via the Marine Atlantic ferry service. The town offers a blend of small-town charm and natural beauty with its coastal landscape. The historic downtown offers quaint shops and restaurants. The surrounding areas are renowned for their outdoor activities, including fishing, hiking, and boating. The area is also popular for its rich cultural heritage with many museums and historic sites to explore.
However, those seeking bustling city life may find North Sydney a bit quiet. The local economy largely revolves around the ferry service and can be seasonal. While some find the slower pace of life advantageous, others might see it as a disadvantage.
80
Compared to other cities in Canada, North Sydney is a smaller and quieter town. It has a lower cost of living and a slower pace of life, which some may appreciate. The town's natural beauty and coastal location also contribute to its unique appeal. The city scores an 80 out of 100 for livability.
Search Nearby Activities75
The schools in and around North Sydney, such as the Cape Breton University, are known for their community engagement and quality education. Given these factors, the school's score in the city as compared to other cities in the country is 75.
Search Nearby Schools70
North Sydney offers a range of entertainment options from local pubs and restaurants to theatre productions at the local community arts centre. The city's entertainment score is 70.
Search Nearby Restaurants85
Outdoor enthusiasts will enjoy North Sydney for its fishing, boating, and hiking opportunities. There are several parks and trails in and around the town, making it a great place for outdoor activities. The city scores an 85 in this area.
Walk Score - 77%Map
Similar Properties
Properties within the same area, priced within 20% of the listing will be evaluated on several key factors including the number of bathrooms, bedrooms, additional features, and price per square foot and several other factors. Using these comprehensive comparisons, we derive a Similarity Score to help you find the best match.Mortgage Calculator
Estimated Monthly Payment:
Monthly mortgage and property tax payments are estimates for which we bear no responsibility.
Homeowners could also be subject to mortgage insurance premiums, homeowners insurance premiums, and other costs.
Property Details
| On Market Date | 2024-08-29T17:57:33.5 |
| Price | $707,000.00 |
| Year Built | 1905 |
| Neighborhood | Cape Breton |
| Location | Lat: 46.209109, Lng: -60.248705 |
| Square Feet | 8,174.00 |
| Lot Size | 4,850.50 3737.5 |
| Parking Features | Yes |
| Heating | Heat Pump -Ductless,Hot Water |
| Water Source | Municipal |
| Construction Materials | Concrete |
| Roof | Rolled |
| Flooring | Wood,Other |
| Association Fee | 0.00 |
| Listing Office Name | VALMAC REALTY LTD. - 16139 |
| Listing Agent | Valerie MacDougall |
| MLS® | 202420979 |
No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.


