55 Charlotte Street (MLS® 202527115)

Sydney, NS, B1P 1B8

Summary

MLS ®:
 202527115
Price:
 $799,000
Status:
 Active
District:
 201
Zoning:
 UR3
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 $79,878
Approx. Net Income:
 $56,465.98
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $23412.02
Water & Sewage Expense:
 $1750.55
Insurance Expense:
 $5431.66
Tax Costs:
 $3830.64
Electricity Bill:
 $2777.72
Heating Bill:
 $9621.45
Expense Details:
Call 902-499-7886

Property Overview

55 Charlotte Street, Sydney (MLS® 202527115): Unlock a Premier Investment Opportunity in Sydney's Historic North End! Are you looking to expand your investment portfolio with a property that combines historical charm and modern upgrades? Look no further than this exceptional six-unit building located in the desirable North End of Sydney. This property presents a rare opportunity for investors seeking to capitalize on a thriving rental market. Prime Location: Nestled in the heart of Sydney’s Historic North End, this building is surrounded by vibrant amenities, cultural attractions, and convenient transport options. Its location not only appeals to tenants but also promises long-term appreciation in value. Over the years, this building has undergone numerous updates, ensuring that each unit is in excellent condition. Three of the units have been fully renovated, featuring modern finishes and efficient heat pump systems for year-round comfort. This enhances tenant appeal and guarantees consistent rental income. Strong Rental Demand: The North End is known for its attractive lifestyle, making it a hotspot for renters. With a mix of young professionals and families drawn to the area, you can expect high occupancy rates and the potential for rental growth. Opportunity for Additional Value: While three units are already fully renovated, the other three provide an excellent opportunity for further improvements. Investing in these units can significantly increase their rental potential, allowing you to maximize your return on investment. Stable Income Potential The six-unit setup provides a diversified income stream, reducing risks typically associated with single-family rentals. This building offers a blend of established and newly improved units, catering to a wide array of potential tenants.

Listing Courtesy of: RE/MAX Park Place Inc.

Directions

Corner of Charlotte and Amelia

Building Specs.

Building Dimensions:
38*30+25*15+8*4
Foundation Type:
Other, Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Hardwood, Laminate, Vinyl, Other, Vinyl Plank
Heating & Cooling:
Baseboard, Furnace, Heat Pump -Ducted, Heat Pump -Ductless
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Parking lot in back/street parking
Driveway/Parking:
Gravel, Parking Spaces(s)

Features

Air Conditioning, Laundry, Sump Pump

Community Features

Marina, Park, Place of Worship, Playground, Public Transit, Recreation Center, Shopping

Schools

Elem. School: Brookland Elementary School
Mid. School: Sherwood Park Education Centre
High School: Sydney Academy

Rental Equipment

Furnace

Map

Contact Agent


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