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, this property is an easy income stream.Current 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 4bedrooms 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 travellers to Cape Breton or those living and working in the area. Seller is open to holding a second mortgage on the property for up to 10% of the purchase price! Call your agent today for more information and add this to your investment portfolio. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Amenities Nearby
Golf Course, Park, Public Transit, Shopping, Place of Worship
Listing Contract Date
2025-03-24
Location Description
Turn on to Pierce off of main HWY to back parking lot or street-parking off of Pierce.
Municipal ID
15029804
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Views
Harbour, Ocean view, View of water
Building
Appliances
Stove, Dryer, Washer, Refrigerator
Basement Development
Partially finished
Basement Features
Walk out
Basement Type
Full (Partially finished)
Exterior Finish
Vinyl
Flooring Type
Carpeted, Ceramic Tile, Laminate, Linoleum
Foundation Type
Stone
Type
Other
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Parking Space(s)
Land
Total Size
0.1263 acres
Amenities
Golf Course, Park, Public Transit, Shopping, Place of Worship
Sewer
Municipal sewage system
Size of Irregular Land
0.1263
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