CANSNorth Sydney121 & 123 Pierce St
121 & 123 Pierce St, Home with 2 bedrooms, 0 bathrooms and null parking in North Sydney NS | Image 1
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$390,000

121 & 123 Pierce St, North Sydney, NS

Real Estate

For Sale

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200
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family (Other)
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 25
Lot Size 
Approx. Age 
MLS® Number 202521458

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Residential Home, Multi-Unit, Room Rental or B&B. Take your pick! This large INVESTMENT PROPERTY has a GENEROUS RATEOF RETURN. Renovated and currently operating as a Bed & Breakfast with high demand & long-term stays, this property is an easy income stream. Potential 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 turnkey for a new owner! There are many opportunities for a new owner to run as they wish. In the heart of North Sydney, over looking the harbour and Newfoundland Ferry, this location is ideal for long-term stays, travellers to Cape Breton or those living and working in the area. Call your agent today for more information and add this to your investment portfolio.Show Description
MLS® Number202521458
Laundry LevelLaundry
Central VacNo
FireplaceNo
Acreage0.1263
Exterior
GarageNo
Approx. Age
BasementFull, Partially Finished, Walk-Out Access
DrivewayParking Spaces(s), Paved
Garage Spaces
HeatBaseboard, Furnace, Hot Water, Radiator
A/C
Heating Fuel

Extras

Turn Key Optional With All Furniture And Appliances.

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