REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Vanda Jackson

realtorvandajackson@gmail.com +1(902) 719-9558

Listed by David Macleod • Viewpoint Realty Services Inc. (Sydney)

$ 2,450,000

Est. payment | -/mo

25,106 SqFt

Save Virtual Tour

$ 2,450,000

Est. payment | -/mo

Save Virtual Tour

25,106 SqFt

Key Details

Property Type Commercial

Sub Type Commercial (Other)

Listing Status Active

Purchase Type For Sale

Square Footage 25,106 sqft

Price per Sqft $97

MLS Listing ID 202615984

HOA Y/N No

Year Built 1976

Lot Size 0.490 Acres

Acres 0.4898

Property Sub-Type Commercial (Other)

Source Nova Scotia

Property Description

MOTIVATED SELLER - PRICE REDUCED - PRICED TO SELL! Deeply rooted in the heritage of Cape Breton's second-largest urban center, The Courtyard represents a rare generational opportunity. Glace Bay is framed by the Atlantic Ocean, with landmarks like the historic Savoy Theatre and Cape Breton Miners Museum defining its rich character. Today, this fully updated mixed-use complex presents an extraordinary investment proposition as the OWNER RETIRING. Spanning three distinct civic addresses in the absolute heart of Glace Bay's primary commercial corridor, the property offers an entire acre of public parking directly behind the complex. Over $1.1 million in capital improvements have been completed over the past five years, including a NEW STEEL ROOF ON ALL THREE BUILDINGS, comprehensive brick repointing, a commercial 7.5-ton HVAC setup, and updated multi-zone heat pumps. The main level features stable, long-term institutional and corporate tenancies, including the Glace Bay Library, H&R Block, Vintage Jewellers, and established medical practices, while the upper floors are fully occupied residential units. This makes the asset INCOME PRODUCING FIRST DAY. Located near Cape Breton University and Sydney, the property yields a 10%+ capitalization rate with LOTS OF UPSIDE. With VENDOR FINANCING AVAILABLE and all major physical upgrades complete, this turnkey property is positioned for an exceptionally smooth transition into its next chapter of ownership.

Location

Province NS

County Cape Breton

Area 203-Glace Bay

Zoning CBDC - DOWNTOWN CENTRAL BUSINESS DISTRICT CORE ZON

Region Cape Breton

City Region Cape Breton

Interior

Heating Baseboard, Heat Pump, Ductless

Flooring Other

Equipment No Rental Equipment

Fireplace No

Exterior

Utilities Available Electric, Cable Connected, Electricity Connected, Water Connected, Natural Gas Connected, Sewer Connected, Phone Connected

View Y/N No

Roof Type Asphalt,Rolled/Hot Mop,Steel

Garage No

Private Pool No

Building

Lot Description Under 0.5 Acres

Story 2

Sewer Septic Tank

Water Municipal

New Construction No

Others

Ownership Freehold

ParcelsYN No

Virtual Tour https://youtu.be/7XS4GjOsU9Q

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(902) 719-9558

realtorvandajackson@gmail.com

800-1701 Hollis Street, Halifax, NS, B3J 3M8, CAN

Learn More About LPT Realty

129-153 Commercial St Glace Bay, NS B1A 3B9