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Home NS Cape Breton Cape Breton Municipality Glace Bay
65 Minto Street
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65 Minto Street $799,900
$799,900
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65 Minto Street
Glace Bay, Nova Scotia B1A5B5

MLS® Number: 202426065

Listing Description

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". (230045431)

Location Description

65 Minto St, Glace Bay

Property Summary

Property Type
Other
Community Name
Glace Bay
Title
Freehold
Land Size
0.5363 ac
Time on REALTOR.ca
12 days

Price and Sale History

Date Status Price
Apr 29, 2022 Sale Closed $140,000

Building

Interior Features
Flooring
Other
Building Features
Construction Material
Wood frame
Utilities
Water
Municipal water
Business
Business Type
Residential (Residential)
Neighbourhood Features
Amenities Nearby
Shopping

Measurements

Total Finished Area
21472 sqft

Land

Lot Features
Land Disposition
Cleared
Data provided by: Nova Scotia Association of REALTORS® 112 - 68 Highfield Park Drive, Dartmouth, Nova Scotia B3A 0E4
Vince Grittani