2 Archibald Avenue,North Sydney, NS B2A1B5
North Sydney, NS B2A1B5
Description
Flexible financing may be available, the seller is open to discussing a vendor take-back mortgage with qualified buyers! This solid income-producing multi-unit building was originally constructed as a bank and offers exceptional bones designed to stand the test of time. Located in a high-traffic area in the heart of downtown North Sydney, this property provides outstanding visibility and exposure for business owners and investors alike. The main level features three commercial units, two are currently tenanted, providing immediate cash flow for the new owner. Upstairs, youll find a fully gutted and renovated two-bedroom apartment, thoughtfully updated with complete rewiring and spray foam insulation throughout, offering modern comfort and peace of mind. In addition, the property includes a large loft space with excellent potential for conversion into a four-bedroom apartment or additional commercial unit, allowing for future value-add opportunities. Recent upgrades include heat pumps, a new furnace, vinyl windows, and plumbing improvements. Just two minutes from the ferry terminal, central to the cabot trail and surrounded by amenities, this prime downtown location makes the property a standout investment opportunity with both current income and future upside. (id:374)
Details
| MLS # | 202624022 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1907 |
| Days On Site | 30 |
| Listing Provided By | Press Realty Inc. | Duncan MacDougall |
Features
| SQ Feet | 8,170 |
|---|---|
| Acreage | 0.11 |
| Property View | Harbour |
Interior
| Cooling | Air Conditioned |
|---|---|
| Heating | Heat Pump, Oil, Electric, Radiator, Hot Water, Ductless |
| Fireplace Yes / No | No |
Exterior
| Construction Materials | Concrete Walls |
|---|
Parking
| Parking Features | Parking Space(s) |
|---|
Utilities
| Water Source | Municipal water |
|---|
Area Information
| Province | NS |
|---|---|
| City | North Sydney |
| Postal Code | B2A1B5 |
| Listing VS Median (in B2A1B5) | |
Price: $717,000 low | high Med: $717,000 sqft: 8,170 low | high Med: 8,170 $ / sqft: $88 low | high Med: $88 On site: 30 low | high Med: 30 | |
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Learn More About This Property
| Province | NS |
|---|---|
| City | North Sydney |
| Postal Code | B2A1B5 |
| Listing VS Median (in B2A1B5) | |
Price: $717,000 low | high Med: $717,000 sqft: 8,170 low | high Med: 8,170 $ / sqft: $88 low | high Med: $88 On site: 30 low | high Med: 30 | |
