Overview
Description
MOTIVATED SELLER - PRICE REDUCED - PRICED TO SELL! Deeply rooted in the heritage of Cape Breton’s second-largest urban center, The Courtyard represents a rare generational opportunity. Glace Bay is framed by the Atlantic Ocean, with landmarks like the historic Savoy Theatre and Cape Breton Miners Museum defining its rich character. Today, this fully updated mixed-use complex presents an extraordinary investment proposition as the OWNER RETIRING. Spanning three distinct civic addresses in the absolute heart of Glace Bay's primary commercial corridor, the property offers an entire acre of public parking directly behind the complex. Over $1.1 million in capital improvements have been completed over the past five years, including a NEW STEEL ROOF ON ALL THREE BUILDINGS, comprehensive brick repointing, a commercial 7.5-ton HVAC setup, and updated multi-zone heat pumps. The main level features stable, long-term institutional and corporate tenancies, including the Glace Bay Library, H&R Block, Vintage Jewellers, and established medical practices, while the upper floors are fully occupied residential units. This makes the asset INCOME PRODUCING FIRST DAY. Located near Cape Breton University and Sydney, the property yields a 10%+ capitalization rate with LOTS OF UPSIDE. With VENDOR FINANCING AVAILABLE and all major physical upgrades complete, this turnkey property is positioned for an exceptionally smooth transition into its next chapter of ownership.
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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 - 82%Map
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Property Details
| On Market Date | 2026-06-29T18:51:25.5 |
| Price | $2,100,000.00 |
| Year Built | 1976 |
| Neighborhood | Cape Breton |
| Location | Lat: 46.196195, Lng: -59.956233 |
| Square Feet | 25,106.00 |
| Lot Size | 21,337.00 3744 |
| Heating | Baseboard,Heat Pump -Ducted,Heat Pump -Ductless |
| Water Source | Municipal |
| Roof | Asphalt Shingle,Rolled,Steel |
| Flooring | Other |
| Association Fee | 0.00 |
| Listing Office Name | Viewpoint Realty Services Inc. (Sydney) |
| Listing Agent | David MacLeod |
| MLS® | 202615984 |
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.

