16 UNIT MULTI-FAMILY INVESTMENT PROPERTY 221-251 WEST AVENUE, GLACE BAY, NS INFORMATION MEMORANDUM MITCH O'NEILL AARON FERGUSON Sales and Leasing Representative Sales and Leasing Representative 902 442 8718 902 442 8707
[email protected] [email protected] 221-251 WEST AVENUE 2 | 221-251 WEST AVENUE, GLACE BAY, NS TABLE OF CONTENTS PROPERTY DESCRIPTION 6 > Salient Facts > Location Overview DEVELOPMENT POTENTIAL 8 > Current Zoning MARKET OVERVIEW 11 > Location Review > Amenities Map FINANCIAL INFORMATION 16 > Rent Roll > Income Statement 221-251 WEST AVENUE, GLACE BAY, NS | 3 4 | 221-251 WEST AVENUE, GLACE BAY, NS PROPERTY DESCRIPTION 221-251 WEST AVENUE, GLACE BAY, NS | 5 PHYSICAL DESCRIPTION 221-251 West Avenue is located in Glace Bay, Cape Breton, Nova Scotia. The New Aberdeen Garden Townhouses consist of two rows of eight (8) two bedroom apartment units. Each unit contain living room, kitchen, two bedrooms, 3 and 4 piece washrooms. This 16 unit multi-family building was built in 2011 and is on a quiet corner in a mixed use neighbourhood of single family houses and low rise buildings PROPERTY ADDRESS PID 21-251 West Avenue, Glace Bay, NS 15680655 TOTAL LAND AREA HEAT 3.7 Acres Electric radiant in-floor heat BUILDING(S) GROSS FLOOR AREA 14,800 SF ELECTRIC 400 Amp, main service NUMBER OF UNITS (2) 125 Amp panels per unit (16) Two Bedroom WINDOWS YEAR BUILT Vinyl frame, double glaze 2011 NO. OF FLOORS CONSTRUCTION Single Storey Wood frame TAX ASSESSMENT (2020) PARKING $1,099,700 Gravel lot ASKING PRICE ZONING $2,050,000