2 Archibald Avenue

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:56844)

Listing

MLS® number

202624022

Status

Active

Days On Market

39

Building

Year built

1907

Above grade

8,170 sq ft

Exterior

Concrete Walls

Features

Living Accommodation

Interior

Flooring

Other, Wood

Heating

Heat Pump, Oil, Electric, Radiator, Hot Water, Ductless

Cooling

Air Conditioned

Land

Lot size

0.11 acres

View

Harbour

Community

High Traffic Area

Parking

Type

Parking Space(s)

Utilities

Water

Municipal water

Business

Business type

Other, Residential

Fees and taxes

Common interest

Freehold

Parcel number

15026792

Directions

Corner of Commercial Street and Archibald Avenue