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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:2494)


Property Details

ID: 27619366

Ammenities Near By: Shopping

Location Description: 65 Minto St, Glace Bay

Price: 799,900

Transaction Type: For sale

Building

Construction Material: Wood frame

Flooring Type: Other

Total Finished Area: 21472 sqft

Utility Water: Municipal water

Land

Size Total: 0.5363 ac

Size Total Text: 0.5363 ac

Amenities: Shopping

Land Disposition: Cleared

Size Irregular: 0.5363

Business

Business Type: Residential

Business Sub Type: Residential

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Property
• Home size: 21,472 ft² / 1,994.80 m²
• MLS: 18653-202426065
• Status: Active

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