Commercial Sale For Sale

$2,190,000

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

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.

Property Details

  • Property Type: Commercial Sale
  • PropertySubType: Commercial (other)
  • Listing Type: For Sale
  • Listing ID: 202615984
  • Price: $2,190,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Square Footage: 25,106 Sqft
  • Year Built: 1976
  • Lot Area: 21,335.70 Acre
  • Status: Active
  • LivingAreaUnits : Square Feet

Features

  • Heating System : Heat Pump, Baseboard, Ductless
  • Roof Deck : Asphalt, Steel, Rolled/Hot Mop
  • Sewer : Septic Tank
  • Interior Flooring : Other
  • Zoning: CBDC - DOWNTOWN CENTRAL BUSINESS DISTRICT CORE ZON

Details

  • Office Name: Viewpoint Realty Services Inc. (Sydney)
  • Agent Name: David Macleod
  • Garage: No
  • LotFeatures : Under 0.5 Acres
  • ParkingFeatures : Parking Spaces(s)
  • BusinessType : Other, Shopping Centre, Professional/office, Residential
  • HeatingYN: Yes
  • PriceChangeTimestamp: 11/08/2026 00:00:00
  • VirtualTourURLUnbranded: https://youtu.be/7XS4GjOsU9Q
  • Utilities : Cable Connected, Electricity Connected, Electric, Phone Connected, Natural Gas Connected, Water Connected, Sewer Connected
  • Stories: 2
  • ModificationTimestamp: 11/08/2026 14:11:15
  • MLSAreaMajor : 203-glace Bay
  • MLSAreaMinor : N/A
  • LeaseConsideredYN: No
  • LockBoxType : No
  • FarmLandAreaUnits : Square Feet
  • BuildingAreaUnits : Square Feet
  • BelowGradeFinishedAreaUnits : Square Feet
  • AdditionalParcelsYN: Yes

Property on Map

Request Info

Contact Agent
Colleen Ryan

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