121 PIERCE Street, North Sydney, B2A1P4

Home Overview

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:39198)

33 days

On Market

Other

Property Type

$0 / Year

Est. Taxes

Other

Style

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Garage

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Basement