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:4069)
Address |
65 Minto Street |
List Price |
$799,900 |
Property Type |
Multi-family |
Type of Dwelling |
Apartment |
Area |
Nova Scotia |
Sub-Area |
Glace Bay |
Lot Size |
0.5363 Sq. Ft. |
MLS® Number |
202426066 |
Listing Brokerage |
Cape Breton Realty
|
Basement Area |
None |
Postal Code |
B1A5B5 |
Site Influences |
Park, Shopping, Place of Worship |