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Sean Watt

seanrwatt@gmail.com +1(902) 220-7326

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

$2,450,000

Est. payment - /mo

25,106 SqFt

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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

A Main Street Cornerstone with a Vibrant Future: The Courtyard on Commercial Street Deeply rooted in the heritage of Cape Breton's second-largest urban center, The Courtyard represents a rare generational opportunity. Glace Bay is a community shaped by its coastal geography and deep historical ties—where the Atlantic Ocean frames the town, and cultural landmarks like the historic Savoy Theatre and the Cape Breton Miners Museum define the local landscape. Today, this carefully maintained, mixed-use complex is fully updated and positioned for its next chapter of ownership. Spanning three distinct civic addresses in the absolute heart of Glace Bay's primary commercial corridor, the property features a major logistical advantage: an entire acre of public parking located directly behind the complex. Over $1.1 million in capital improvements have been completed over the past five years—including brand-new premium steel roofing, comprehensive structural brick repointing, a commercial 7.5-ton HVAC setup, and updated multi-zone heat pumps. The main level features highly 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 by residential families. Located within easy reach of Cape Breton University (CBU) and the regional hub of Sydney, this asset operates at an attractive 8.5% baseline capitalization rate with excellent immediate rental upside. With all major physical upgrades already completed, this property is in turnkey condition and ready to transition smoothly into the next generation.

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

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Sean Watt

+1(902) 220-7326

Agent | N13318

Agent N13318

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

Sean Watt

Key Details

Location

Interior

Exterior

Building

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