Overview
Description
MOTIVATED SELLER! BRING US AN OFFER. 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".
Contact us about this listing & It's History
Neighborhood Information
Glace Bay, NS
Glace Bay, located in Nova Scotia, Canada, is a vibrant community that was once home to one of the world's largest coal mines. Today, it is a treasure trove of rich history and culture. The town is full of character, showcasing its past through the impressive Miner's Museum and Marconi National Historic Site. Besides its deep-rooted heritage, Glace Bay offers picturesque views of the Atlantic Ocean and a welcoming community spirit.
Although it's relatively small and quiet compared to bustling urban centers, it's a good place for those who appreciate peace and tranquility. However, it might not be suitable for those seeking a more extensive variety of amenities and entertainment options. Its population is around 19,000, making for a tight-knit community feel.
67
In comparison to other cities in Canada, Glace Bay offers a slower pace of life, rich history, and close-knit community, scoring it a 67/100.
Search Nearby Activities72
Education in Glace Bay is well-regarded with a range of public and private schools to choose from. The student to teacher ratio is favorable, resulting in a city schools score of 72/100.
Search Nearby Schools65
The entertainment in Glace Bay is relatively modest but unique, featuring local theatres, museums, and cultural events. The town's entertainment score is a decent 65/100.
Search Nearby Restaurants76
Outdoor enthusiasts will enjoy the natural beauty of Glace Bay. With plenty of stunning coastal walks, fishing spots, and wildlife, this area scores a solid 76/100 for outdoor activities.
Walk Score - 71%About Your Relator®
Jessica Mugford
Meet Jessica Mugford, a dynamic and enthusiastic Realtor® based in the heart of Sydney, NS. Born and raised in this picturesque coastal city, Jessica brings a deep-seated passion and a comprehensive understanding of the local market to her role. Her journey in real estate began at RE/MAX Park Place, where she served as an administrative professional specializing in contract review. This experience has provided her with invaluable insights into the industry, enhancing her expertise in managing real estate transactions with finesse.
Jessica's love for travel has broadened her perspective, allowing her to appreciate diverse lifestyles and housing needs, making her an ideal advisor for clients seeking to navigate the complexities of the real estate market. Coupled with her exceptional customer service skills, Jessica is committed to offering personalized and effective real estate solutions.
With deep rooted entrepreneurial ties to the community, Jessica has the foresight to recognize independent real estate opportunities, propose growth strategies and guide her clients through effective and efficient closing processes.
With Jessica Mugford, you can expect nothing less than a professional, tailored approach.
Phone: (902) 322-1684
Email: jessicamugford@remax.net
Office: Sydney
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Homeowners could also be subject to mortgage insurance premiums, homeowners insurance premiums, and other costs.
Property Details
| On Market Date | 2024-11-05T19:39:47 |
| Price | $699,900.00 |
| Neighborhood | Cape Breton |
| Location | Lat: 46.200594, Lng: -59.957227 |
| Square Feet | 21,472.00 |
| Lot Size | 23,360.00 20940 |
| Parking Features | Yes |
| Heating | None |
| Water Source | Municipal |
| Construction Materials | Wood Frame |
| Roof | None |
| Flooring | See Remarks |
| Association Fee | 0.00 |
| Listing Office Name | Cape Breton Realty |
| Listing Agent | Vince Grittani |
| MLS® | 202426065 |
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.