276 Commercial Street

Description

Built in 1905, initially as a bank, no expense was spared with erecting this historical building with 12 inch thick solid cement walls to withstand the test of time and still stands extra solid even for the standards of modern day. With the benefit of the visual exposure on a corner lot in a downtown setting, the main floor features 3 store fronts, each with approximately 1000 square feet of operating space. Two of these units are currently rented. The second floor has been completely gutted, rewired, spray foamed, gyprocked and 90% completed with a new modern look in the two bedroom apartment and the large loft which is currently undergoing more renovations with the potential of another 4 bedroom unit, offices or other residential/commercial uses. Other upgrades include a new furnace, heat pump, vinyl windows and a lot of newer plumbing. The basement, currently used for storage, could be developed to suit your needs. The location of this old building is directly central to Cape Breton and the door to the Cabot Trail and also within walking distance of the Newfoundland ferries. With a world of potential, this large building could serve as living/working space for the new owner while bringing income from the rented units or operate as an Airbnb to pay for the mortgage. Call or text your favourite realtor today for a tour and get started on your plan to bring your dreams to life.