For Sale $2,100,000 129-153 Commercial Street, Glace Bay, NS Book Showing

Overview

Property Type Other
Sq Ft 25106.00
Price Per Sq Ft $84

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.

City Score
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.

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School Score
72

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.

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Entertainment Score
65

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.

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Activity Score
76

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%

About Your Relator®

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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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 Date2026-06-29T18:51:25.5
Price$2,100,000.00
Year Built1976
NeighborhoodCape Breton
LocationLat: 46.196195, Lng: -59.956233
Square Feet25,106.00
Lot Size21,337.00 3744
HeatingBaseboard,Heat Pump -Ducted,Heat Pump -Ductless
Water SourceMunicipal
RoofAsphalt Shingle,Rolled,Steel
FlooringOther
Association Fee0.00
Listing Office NameViewpoint Realty Services Inc. (Sydney)
Listing AgentDavid MacLeod
MLS®202615984
All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice.
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.