121 - 123 Pierce Street North Sydney, Nova Scotia B2A 1P4
$450,000
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:45785)
Property Details
| MLS® Number | 202505113 |
| Property Type | Other |
| Community Name | North Sydney |
| Amenities Near By | Highway, Shopping |
| Community Features | High Traffic Area |
| View Type | Harbour, Ocean View |
Building
| Amenities | Living Accommodation |
| Construction Material | Wood Frame |
| Flooring Type | Concrete, Wood |
| Total Finished Area | 4704 Sqft |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) | |
| Paved Yard |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Highway, Shopping |
| Land Disposition | Cleared |
| Size Irregular | 0.1263 |
| Size Total | 0.1263 Ac |
| Size Total Text | 0.1263 Ac |
https://www.realtor.ca/real-estate/28037493/121-123-pierce-street-north-sydney-north-sydney
Contact Us
Contact us for more information
Jenessa Macinnis
https://www.jenessamacinnis.com/
602 George Street
Sydney, Nova Scotia B1P 1K9
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March 25 2025 12:00:20
Nova Scotia Association of REALTORS®
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