Cape Breton Estates: Land of the Golden Arms

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Cape Breton Estates: land of the golden arms

Details: Multi-Purpose Building in town of Inverness

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Price: NEW $150,000
MLS#: 50222702
Tradewinds #:  
O - 5014
Category: Commercial/Residential
Address: 15840 Central Avenue
City:

Inverness, Inverness County, Cape Breton, Nova Scotia, Canada B0E1N0

Lot Size: 3,072 sq. ft.
GPS: 46º13"52.58' N
61º18"15.83' W
Sq. Footage (MLA): 3,600
Sq. Footage (TLA): 3,600
Building Dimensions: 26' x 73'
Possession: NEGOTIABLE
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Overview:

In the middle of Inverness' main street, overlooking the emerging new links golf course, this two floor multi-purpose building represents an excellent opportunity for an investor in this dynamic town. The attractive and well laid out office suite on the ground floor has been well constructed and is quite new. It has both open spaces and nicely organized offices, providing plenty of opportunity for retro-fitting for other designs or immediate use as is. The second floor has one bathroom and is configured for one or more apartments suggesting an owner/operator of a business on the ground floor could live above, or re-design for two rental apartments. Some redesigning work and possible new plumbing for a second bathroom is required on the second floor, depending on its use. Based on the relative scarcity of rental apartments this income producer should be a useful factor for this purchase.

Notable:

READ WHY PROPERTY VALUES MAY RISE IN INVERNESS OVER THE NEXT SEVERAL YEARS AT A RATE THAT OUTPACES THE NORM.

Inverness has been re-inventing itself with considerable success for the past several years and is now on the verge of a significant take-off with the 2010 expected opening of the new links golf course - Canada's sole true links course. This building overlooks the new course and the Gulf beyond, and being placed centrally in the town, couldn't be better located. This is an excellent way into town with a multi-purpose building that should provide good business opportunities.

Comments:

*Shopping Nearby
*Visual Exposure
*Window Display
*Security System

The second floor is designed for residential unit(s) but requires work. This area lends itself to single occupancy by owner or to one or two rental apartment units.

Directions:

Showing by appointment only, please.

Area Links:
Cape Breton bullet The Inverness County Web Site
A very comprehensive site. Has good links pages and a very nice photo gallery. The latter includes 3 photos of Inverness Beach which is the beach visible in one of the photos for this property.
Cape Breton bullet Government Site
A photo of the beach.
Cape Breton bullet The Oran

For area news - this is the web site of the local weekly newspaper, The Oran.

Area Photos:

From "Tours with Tom" Cape Breton Photos:

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Type: Commercial / Residential
Style: 2 storey
Title to Land: Freehold
Property Size: 3,072 sq. ft.
Land Features:
Level, rectangular, gravel drive, commercial exposure - main paved street in Inverness, sidewalk, view of the ocean over the new golf course and beach
Access: Paved Road
Heating: Electric/Oil/Baseboard/Hot Water/Furnace
Garage Type: none
Water: Municipal
Sewer: Municipal
Services:
Electricity, Telephone, Garbage Pick-up, High Speed Internet
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Exterior: Vinyl Siding
Driveway: Paved
Foundation: Concrete, undeveloped, partial
Features:
Window display, Foyer area, Front room counter/cash register, Employee kitchen area, large storage area, Rear delivery access via double doors, Front office facing street, Front stoop and stairs (concrete) with railing, Security system, Air conditioning wall unit
Roof: Asphalt Shingle
Flooring: Laminate, Ceramic Tile
 
Inclusions:
Shelving, Stove, Appliances
Exclusions:

Furnishings (office) separately negotiable, inventory not included

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Bedrooms: 4 to 5 (each has closet) Sign: No
Bathrooms: 2 Lockbox: No
Building Age: 50+ PCDS: Yes
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Floor Room Size
MAIN FLOOR FOYER (FRONT) 7' 2" X 5' 11"
MAIN FLOOR FRONT DISPLAY / COUNTER AREA 15' 9" X 11' 8"
MAIN FLOOR DOUBLE OFFICE 18' 3" X 7' 8"
MAIN FLOOR OPEN WORK AREA WITH SHELVING 24' 3" X 27' 1"
MAIN FLOOR KITCHEN WITH BACH OFFICE AREA 23' 7" X 10' 5"
MAIN FLOOR BATH (# pieces 1-6) 8' 10" X 4' 5" (2 pc.)
MAIN FLOOR LARGE OPEN AREA (FINISHED) 24' 5" X 5'
Floor Room Size
UPPER FLOOR UNFINISHED ROOM @ TOP OF STAIRS 24' 1" X 13' 2"
UPPER FLOOR ROOM (NOT DESIGNATED) 16' 2" X 13' 7"
UPPER FLOOR KITCHEN 11' 2" X 7' 8"
UPPER FLOOR ROOM (NOT DESIGNATED) 14' 3" X 9' 8"
UPPER FLOOR ROOM (NOT DESIGNATED) 10' X 9' 3"
UPPER FLOOR BEDROOM SIZE ROOM 14' 3" X 15' 8"
UPPER FLOOR BEDROOM SIZE ROOM 12' X 9' 6"
UPPER FLOOR BEDROOM SIZE ROOM 14' 2" X 9' 5"
UPPER FLOOR BEDROOM SIZE ROOM 15' 2" X 9' 5"
UPPER FLOOR BATH (# pieces 1-6) 8' 5" X 6' 2" (4 pc.)
UPPER FLOOR OUTSIDE PORCH 15' X 6'
Floor Room Size
BASEMENT STORAGE & UTILITY AREAS pending (partial)
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Assessment:
$33,200 (2009 RESIDENTIAL TAXABLE) $54,700 (2009 COMMERCIAL TAXABLE)
TOTAL: $87,900 (2009)
Taxes: $1,772 (2009)
Listing Realtor: Tom Childs
Call any time @ 1-866-325-1001
 

Tradewinds Realty Inc.

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( The above information is deemed reliable, but is not guaranteed. )
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