121 - 123 PIERCE Street, North Sydney, Nova Scotia, CA

Address: 121 - 123 PIERCE Street, North Sydney, Nova Scotia

0 Beds0 Baths4704 sqftStatus: Buy
Price $450,000

Property Overview


Residential Home, Multi-Unit, Room Rental or B&B. Take your pick! This large INVESTMENT PROPERTY has a GENEROUS RATE OF RETURN. Renovated and currently operating as a Bed & Breakfast with high demand, this property is an easy income stream. Current income is $105,000 per year with an additional $4000+ from coin laundry!! That is OVER $109,000 OF PASSIVE INCOME per year - with extremely little effort. The building hosts 9 ensuite bedrooms plus a third level 'owners suite' with an additional 4 bedrooms and one bath. A 2 bedroom self contained apartment is located on the lower level. An operational fire alarm system is wired in for safety and two interior exit stairs from the upper levels. The opportunities here are endless and the INVESTMENT POTENTIAL IS EVIDENT. With multiple power meters the building could be split in to separate apartments with their own power use. With easy access to the highway for travellers or public transit for commuters, you are ideally located. The property will remain turn key for a new owner! There are many opportunities for a new owner to run as they wish. In the heart of North Sydney, overlooking the harbour and Newfoundland Ferry, this location is ideal for travellers to Cape Breton or those living and working in the area. Seller is open to holding a second mortgage on the property for up to 10% of the purchase price! Call your agent today for more information and add this to your investment portfolio. (id:51532)

 

Tags




Property Summary
Property Type
Other
Community Name
North Sydney
Title
Freehold
Land Size
0.1148 ac
Parking Type
Parking Space(s),Paved Yard
Building
Interior Features
Flooring
Concrete, Wood
Building Features
Construction Material
Wood frame
Total Finished Area
4704 sqft
Building Amenities
Living Accommodation
Utilities
Water
Municipal water
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Highway, Shopping
Parking
Parking Type
Parking Space(s),Paved Yard
Features
           Parking Space(s)            Paved Yard            Living Accommodation
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Your Home Finance Calculation

Property Price CA $450,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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