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". (id:47423)
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Detailed Information
Amenities Nearby
Shopping
Listing Contract Date
2024-11-05
Location Description
65 Minto St, Glace Bay
Municipal ID
15395726
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Business
Business Type
Residential
Business Subtype
Residential
Building
Construction Material
Wood frame
Flooring Type
Other
Total Finished Area
21472 sqft
Utility Water
Municipal water
Land
Total Size
0.5363 acres
Amenities
Shopping
Disposition Features
Cleared
Size of Irregular Land
0.5363
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