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Presenting a remarkable DEVELOPMENT and INVESTMENT opportunity in the heart of Glace Bay. WHEN COMPLETED this APARTMENT COMPLEX WIL 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 ScotiaCommunity College (NSCC), making it a prime choice for affordable RENTAL HOUSING. KEY FEATURES: A TO BE BUILT BY BUYER 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 BY THE BUYER. 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:2494)


Property Details

ID: 27619363

Ammenities Near By: Park, Shopping, Place of Worship

Community Features: Recreational Facilities

Location Description: 65 Minto St, Glace Bay

Price: 799,900

Transaction Type: For sale

Building

Basement Type: None

Foundation Type: Concrete Slab

Type: Apartment

Utility Water: Municipal water

Land

Size Total: 0.5363 ac

Size Total Text: 0.5363 ac

Amenities: Park, Shopping, Place of Worship

Sewer: Municipal sewage system

Size Irregular: 0.5363

Parking

Name: Parking Space(s)

Name: Other

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Multi-Family
• Home size: 0 ft² / 0 m²
• MLS: 18653-202426066
• Status: Active

Map