65 Minto Street, Glace Bay, (MLS® 202426066) RE/MAX nova
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65 Minto Street, Glace Bay

0 0 0 sqft
$699,900 For Sale

Description

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".

Listing Details

Address
65 Minto Street, Glace Bay, B1A 5B5

Status
ACTIVE
Listing Price
$699,900
MLS®
202426066
Type
n/a
Style
---
Age
0
PID
15395726

Water
Municipal
Sewer
Municipal
Utilities
---

Building Specifications

Foundation Type
Slab
Roof
None
Exterior Finish
None
Flooring
None

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Garage & Parking

Garage
N
Details
---

Sales History

Demographic Data

Demographic data is based on the dissemination area that contains the listing parcel . Dissemination Areas are small areas composed of one or more neighbouring dissemination blocks. All of Canada is divided into dissemination areas. Data source: Environics Analytics via ArcGIS Online, 2021

Population Size

630

Median Age

47.0

Avg Household Size

1.9

Avg House Income

$41K

The number of people for each age range.

How the population of this area is expected to change.

The highest level of education obtained by people within this area.

The maritial status of the people in this area.

The average household income within this area.

The number of people that rent versus own.

When the buildings in the area were constructed.

The number of children at home for the given age ranges.

The occupations of the people living here.

Tax Assessment

Year Amount % Change
2024 $276,000 ---
2023 $215,300 ---
2022 $276,700 ---
2021 $276,700 ---
2020 $276,700 ---
2019 $276,700 ---
2018 $276,700 ---
2017 $276,700 ---
2016 $300,200 ---
2015 $317,400 ---
2014 $602,000 ---
2013 $295,100 ---
2012 $289,300 ---

Maps

Mortgage Inquiries

Last Updated On: 12/6/2024 2:08:25 PM (UTC)