33 Inverness Street (MLS® 202607486)

Sydney, NS, B1P 0E2

Summary

MLS ®:
 202607486
Price:
 $589,900
Status:
 Active
District:
 201
Zoning:
 UR3
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 104,400
Approx. Net Income:
 72,713
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 31,687
Maintenance Expense:
 1200
Snow & Garbage Expense:
 3000
Water & Sewage Expense:
 2600
Insurance Expense:
 4487
Tax Costs:
 4400
Electricity Bill:
 6400
Heating Bill:
 8400
Other Costs:
 1200
Expense Details:
Call 902-499-7886

Property Overview

33 Inverness Street, Sydney (MLS® 202607486): Introducing a lucrative investment opportunity in the heart of Cape Breton! This exceptional 6-unit investment property consists of two well-maintained buildings, 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. The unique layout, featuring two distinct buildings, 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 property 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 , 49x29+-jogs
Foundation Type:
Concrete, Other
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Laminate, Linoleum
Heating & Cooling:
Baseboard, Hot Water, Radiator
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

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

Community Features

Park, Playground, Public Transit, School Bus Service, Shopping

Inclusions

One microwave six stoves, six washers, six dryers, six fridges and six stoves

Rental Equipment

None

Map

Contact Agent


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