







































1/4115359 Cabot Trail, Chéticamp, NS B0E1H0
$650,000 total
—
Asset Class
Specialty
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
85%
Year Built
2000
Lot Size
0.3452 ac
A Prime Commercial Opportunity in the Heart of Chéticamp! Known locally as the Pirogue Commercial Centre, this large, versatile commercial property sits in downtown Chéticamp, by the water, and is a hub for commercial, institutional and tourism activity along the Cabot Trail. Originally constructed around 2000 as a Fisheries Museum, the building became a commercial property in 2004 and is now home to 8 long-term commercial tenants, with potential for additional rental spaces. Continue operating it as a multi-tenant commercial centre or transform it to suit your vision, the possibilities are numerous. Waterfront zoning and applicable bylaws offer a wide range of potential uses, making this an opportunity worth exploring. The impressive two-storey building features a walk-out basement, ICF construction, multiple parking spaces, and incredible water views from many commercial spaces. A wrap-around deck extends along the second level, adding usable outdoor space and taking advantage of the property's setting. At the back, a small boardwalk provides a unique outdoor feature. Inside, you'll find hardwood flooring, exposed beams, vaulted ceilings and a balcony-style mezzanine overlooking one of the larger spaces. The second level also includes a kitchenette and large boardroom, offering potential income from meetings, workshops, presentations or private rentals. There are 4 washrooms in total, including one with a shower, and the finished walk-out basement is primarily configured as one rental space. With its established tenant base, multiple potential uses, excellent downtown location, waterfront setting and distinctive character, 15359 Cabot Trail offers an exciting opportunity for an investor, entrepreneur or owner-occupier looking to make their mark in Chéticamp. A property with income, character and possibilities, right where the action is. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$34K
Annual cash flow
$-2K
Cash-on-cash
-1.21%
DSCR
0.93
Going-in cap
5.18%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
55,945
Households
21,237
Median income
$124,000
Median age
36.7
Daytime population
49,284
5-yr growth
1.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 15359 Cabot Trail, Chéticamp.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.