Overview
Description
This solid income-producing multi-unit building was originally constructed as a bank and offers exceptional bones designed to stand the test of time. Located in a high-traffic area in the heart of downtown North Sydney, this property provides outstanding visibility and exposure for business owners and investors alike. The main level features three commercial units, two are currently tenanted, providing immediate cash flow for the new owner. Upstairs, you’ll find a fully gutted and renovated two-bedroom apartment, thoughtfully updated with complete rewiring and spray foam insulation throughout, offering modern comfort and peace of mind. In addition, the property includes a large loft space with excellent potential for conversion into a four-bedroom apartment or additional commercial unit, allowing for future value-add opportunities. Recent upgrades include heat pumps, a new furnace, vinyl windows, and plumbing improvements. Just two minutes from the ferry terminal, central to the cabot trail and surrounded by amenities, this prime downtown location makes the property a standout investment opportunity with both current income and future upside.
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%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
Map
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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
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Property Details
| On Market Date | 2026-02-27T14:44:50.7 |
| Price | $739,900.00 |
| Year Built | 1907 |
| Neighborhood | Cape Breton |
| Location | Lat: 46.209217, Lng: -60.248901 |
| Square Feet | 8,170.00 |
| Lot Size | 4,850.00 3737 |
| Parking Features | Yes |
| Heating | Heat Pump -Ductless,Hot Water,Radiator |
| Water Source | Municipal |
| Construction Materials | Concrete |
| Roof | Rolled |
| Flooring | Wood,Other |
| Association Fee | 0.00 |
| Listing Office Name | Press Realty Inc. |
| Listing Agent | Duncan MacDougall |
| MLS® | 202603481 |
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.