NS
North Sydney
B2A1P4
121 Pierce Street
121 Pierce Street, North Sydney, NS B2A1P4
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Listing Type
Single Family
Listing Status
active
43
$390,000

Home Details for 121 Pierce Street

Price
$390,000
Type
Residential
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
0.1263
Parking
Days on site
30
Listing #
202521458
Property 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. (id:31684)

Property Features
    Listing Courtesy: RE/MAX Park Place Inc.
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    EXIT REALTY METRO
    100 Venture Run, Suite 107, Dartmouth, NS B3B 0H9
    Max Christie
    License #: 1812169
    Sales Representative
    Office
    902 444 3948
    Agent
    902 414 1512
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