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Home NS Annapolis Royal
272-274 St George & 59-61 St James Street
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272-274 St George & 59-61 St James Street $799,000
$799,000
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272-274 St George & 59-61 St James Street
Annapolis Royal, Nova Scotia B0S1A0

MLS® Number: 202512800

Listing Description

Outstanding Commercial & Residential Investment Opportunity! A FIVE unit iconic brick-front property offering a rare chance to own a piece of prime real estate located in the heart of Annapolis Royal. Home to Bistro East, a beloved local restaurant with a strong reputation and positioned on sought-after Saint George Street, this property boasts stunning water views, breathtaking sunsets, and easy access to ample public parking. This property is being offered as a turn-key opportunity, including all restaurant equipment, branding, and goodwill. Just step in and start serving! Beyond the restaurant, the building also includes a separate ground-level commercial space currently leased long-term, PLUS a bright and spacious 3-bedroom apartment on the upper floor featuring water views and hardwood floors and is currently rented per bedroom with shared common spaces, PLUS two additional 1-bedroom units upstairs which offer potential for expansion into a grand residential space. With major upgrades to the commercial kitchen and stylish renovations throughout the apartments, the new owner can enjoy peace of mind and minimal upkeep for years to come. A full list of upgrades available upon request. Additional features include expansive basement storage with easy access, a solid concrete foundation & well-maintained roof, electrical upgrades (3-phase), ductless heat pumps for restaurant climate control, wheelchair-accessible main commercial space, and municipal services. With a constant flow of tourists exploring the historic town, vibrant arts scene, museums, and year-round festivals, including a bustling weekly Farmers' Market, this location is ideal for business success. Directly across the street, the popular amphitheater attracts visitors and adds to the lively atmosphere. Live and work under one roof or rent out all FIVE units for a fantastic revenue stream, the possibilities are endless. A prime investment in an unbeatable location! (230902424)

Location Description

At traffic lights in Annapolis Royal travel along lower St George Street. Look for Civic 274.

Property Summary

Property Type
Business
Community Name
Annapolis Royal
Title
Freehold
Land Size
0.089 ac
Built in
1932
Parking Type
Gravel, Parking Space(s)
Time on REALTOR.ca
30 days

Price and Sale History

Date Status Price
Apr 28, 2023 Sale Closed $675,000

Building

Interior Features
Flooring
Wood, Other
Building Features
Construction Material
Masonry, Concrete Walls
Heating & Cooling
Cooling
Heat Pump
Utilities
Water
Municipal water
Business
Business Type
Other (Offices), Restaurant (Restaurant), Residential (Residential)
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Public Transit, Shopping
Parking
Parking Type
Gravel, Parking Space(s)

Measurements

Total Finished Area
6816 sqft

Land

Lot Features
View
River view, View of water
Data provided by: Nova Scotia Association of REALTORS® 112 - 68 Highfield Park Drive, Dartmouth, Nova Scotia B3A 0E4
Paula Hafting