16, Karl's Lane (MLS® 202413713)

Glace Bay, NS, B1A 6Y7

Summary

MLS ®:
 202413713
Price:
 $1,195,000
Status:
 Active
District:
 203
Zoning:
 UR2 Low Density Urban Residential
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 77,100.00
Approx. Net Income:
 64,474.69
Income Details:
Call 902-499-7886

Expenses

Water & Sewage Expense:
 1785.00
Insurance Expense:
 4,308.00
Tax Costs:
 6,532.31
Electricity Bill:
 Tenant
Heating Bill:
 Tenant
Expense Details:
Call 902-499-7886

Property Overview

16, Karl's Lane, Glace Bay (MLS® 202413713): Investment Opportunity in Glace Bay: Fully Rented, Well-Maintained Duplexes Discover a prime investment opportunity in Glace Bay with this meticulously maintained set of duplexes. Six units, five currently rented to long-term senior tenants, ensuring a steady income stream. The larger unit will be vacant. These properties offer a blend of modern amenities and convenient features that make them highly attractive to both tenants and investors. Minutes from Dominion beach and Big Glace Bay beach. **Main Unit at 16 Karls: Large Family Room & Modern Garage** - The main unit boasts an impressive 28x30 add-on, large gathering room is south facing to capture sunlight from dawn till dusk with 3 oversized rooms. - Below, a newly spray-foam insulated 28x30 ft garage with a sleek epoxy floor, ideal for motorcycle and ATV enthusiasts or additional storage. **Comfort and Convenience** - Six dedicated paved driveways allow the option to rent units by the bedroom, maximizing cash flow potential. - A bus stop directly across the street and a short 13-minute drive to Cape Breton University enhance accessibility. - Children can easily commute to local schools. **Recent Upgrades and Enhancements** - New front steps and fully landscaped surroundings for each unit. - A brand-new firepit area for community gatherings. - A beautiful fenced-in backyard area at 16 Karls, perfect for young children and pets. - A concrete patio under the deck at 16 Karls for outdoor relaxation. **Storage Solutions** - Each unit comes with a dedicated storage unit. - The main unit at 16 Karls includes a new shed, ideal for storing a lawn tractor and gardening tools. **Community and Lifestyle** - Enjoy peace of mind with long-term, reliable tenants who value the well-maintained living spaces. Whether you're an investor looking to expand your portfolio or a homeowner seeking a multi-family property with income potential, these duplexes offer unmatched value in a thriving community. If 16 Karls

Listing Courtesy of: Viewpoint Realty Services Inc. (Sydney)

Directions

Phalen Road , drive to the end and turn left, watch for sign

Building Specs.

Building Age:
2005
Building Dimensions:
28 x 28 and 28 x 56
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Ceramic, Hardwood, Laminate
Heating & Cooling:
Baseboard
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Paved Driveway each building
Driveway/Parking:
Multiple Driveways, Paved

Community Features

Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Ski Hill, Marina, Place of Worship, Beach

Schools

Elem. School: Glace Bay Elementary School
Mid. School: Oceanview Education Centre
High School: Glace Bay High School

Inclusions

6 fridges and 6 stoves

Rental Equipment

None

Map

Contact Agent