33 a/B Inverness Street (MLS® 202623368)

Sydney, NS, B1P 0E2

Summary

MLS ®:
 202623368
Price:
 $325,000
Status:
 Active
District:
 201
Zoning:
 UR3
Property Type:
 Duplex
Title To Land:
 Leasehold

Income

Approx. Total Income:
 52800
Approx. Net Income:
 43982
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 8818
Snow & Garbage Expense:
 1100
Water & Sewage Expense:
 600
Insurance Expense:
 1418
Tax Costs:
 1800
Electricity Bill:
 1800
Heating Bill:
 1900
Other Costs:
 200
Expense Details:
Call 902-499-7886

Property Overview

33 a/B Inverness Street, Sydney (MLS® 202623368): Introducing a lucrative investment opportunity in the heart of Cape Breton! This exceptional 2 unit investment property consists of a large 1 bedroom unit and one 4 newly renovated 4 bedroom unit, offering a fantastic return for any astute investor. Strategically located within walking distance of local shopping amenities, this property ensures convenience for tenants, enhancing tenant satisfaction and retention. It is just five minutes from the new NSCC Waterfront Campus and a mere 10 minutes to both Cape Breton Regional Hospital and Cape Breton University, making it ideal for students, healthcare professionals, and faculty alike, thus ensuring a steady stream of potential tenants. The combination of educational institutions and essential services nearby broadens the appeal to a varied demographic, including students, healthcare workers, and families. This property is priced to provide investors with an attractive return, making it an excellent addition to any real estate portfolio. To add to this value the adjacent building 90 and 92 Richmond street is also available The unique opportunity featuring two distinct buildings, totaling 6 units enhances privacy and tenant appeal while also providing flexibility for potential future renovations. With ongoing developments in the area, including the new waterfront campus, the property is well positioned, making it a smart choice for forward-thinking investors. This 6-unit portfolio package not only presents a solid financial opportunity but also contributes to the vibrant community of Cape Breton. Don’t miss your chance to invest in a property that’s not just a building, but a gateway to a thriving lifestyle. Invest in your future with this prime real estate opportunity.

Listing Courtesy of: RE/MAX NOVA (Windsor)

Directions

Prince Street in Sydney to disco Street to Richmond Street to Inverness

Building Specs.

Building Age:
114
Building Dimensions:
54x40-jogs
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Laminate, Linoleum
Heating & Cooling:
Baseboard, Radiator
Water:
Municipal
Sewage:
Municipal
Title:
Leasehold

Garage & Parking

Garage:
No
Parking:
Multi
Driveway/Parking:
Gravel, Multiple Driveways, Paved

Community Features

Park, Place of Worship, Playground, Public Transit, Recreation Center, School Bus Service, Shopping

Inclusions

2 stoves, 2 fridges

Rental Equipment

None

Map

Contact Agent


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