It has been determined that the owner/seller has met our qualification standards of being an established, profitable, and bankable business. This is the starting point of our SCS system, that has proven to deliver results three times or more industry standards and helps those we work with experience our mission of receiving the highest customer satisfaction ratings in North America. To obtain a thorough overview of this business, hit the CONTACT SELLER button. Once completed, you will receive an automated email from our system that will provide you with a link to complete a Non-Disclosure Agreement (NDA).
Description
This remarkable four-unit property offers outstanding potential for investors and business owners alike. Situated in the vibrant and highly desirable waterfront district of Pictou, the property presents a rare blend of residential and commercial space, making it a valuable addition to any real estate portfolio.
Just steps from the scenic Pictou Harbour, it enjoys a prime location beside the high-performing Arts Centre and the newly expanded public library. The property also backs directly onto the popular Jitney Trail, offering unmatched access to both cultural attractions and recreational amenities.
The ground floor features a commercial unit currently in use perfect for businesses seeking high visibility and foot traffic. Also on the ground level is a vacant, cozy two-bedroom unit with in-suite laundry, offering excellent flexibility for residential or commercial conversion. Two additional one-bedroom units are currently rented on fixed-term leases, providing immediate and stable rental income.
Enjoy breathtaking harbor views right from your back patio an ideal setting to relax and take in the waterfront charm. All tenants are responsible for their own utilities, keeping operating costs low.
The property is well maintained and includes a durable metal roof, numerous updated windows, and five efficient heat pumps (including one in the basement) for year-round comfort.
A propane stove adds an extra layer of convenience during power outages.
This is Pictou living at its finest, don't miss the chance to own a truly versatile and income-generating property in one of Nova Scotias most scenic and growing communities.
This sale is structured as an Asset Sale. By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions.
Financial Information
* Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.
