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Property Details

Re/Max Park Place Inc. your best choice in homes and land for sale in Cape Breton. Contact Minerva MacInnis today!

30 Clyde Avenue, Sydney Mines, Nova Scotia B1V 2E5

$550,000 Canadian Dollar

£320,210* Sterling
$405,185* US Dollar
€374,055* Euro

46°14"20.864569312' N, 60°13"46.07796' W

Questions? Additional Information:

Jenessa MacinnisJenessa Macinnis
Ph: 902-295-7766

Property Highlights

Area:Sydney Mines
Building Dimensions:95x56 (IRREGULAR)

Property Description

The STUDY INN at 30 Clyde Avenue has been transformed and re-purposed in to a desirable student accommodation LIKE NO OTHER. This is not your every-day student housing. This building has been laid out to ensure each tenant has space, necessities and can live harmoniously together while forming a COMMUNITY of like-minded individuals. Currently set up to accommodate 14 students over 8 rooms. The GREAT ROOM houses a theatre system, pool table, arcade game and more to entertain. The common kitchen provides ample counter space + island for tenants to prepare meals together, with two stoves to work from. This kitchen will also be where meal plans are prepped and breakfast provided. Bathrooms include 2 private, 5 stalls + 4 private showers. Building is designed to have two fully independent sections (wired and heated separately). IDEAL for a future owner to develop part of the property in to a commercial space with a coffee shop, studio, or more living accommodations. In addition to the projected $87,600 PER YEAR INCOME from rental spaces, the laundry is coin operated and is estimated to bring in $8,000+- PER YEAR. Sitting on a large lot of land, there is room for parking. The old bell tower stands strong with the bell still present and the stained glass windows bring beautiful light in to the building. Well insulated for efficient heating. Soundproofed between room. This is an income OPPORTUNITY that the savvy business person will want to acquire. Operate as is and bring in a good income or continue development in to additional income streams. Call today & invest in Cape Breton!

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Minerva MacInnis.

* Foreign currencies are approximations.