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CANSNorth Sydney121 - 123 Pierce St
121 - 123 Pierce St, Home with 0 bedrooms, 0 bathrooms and null parking in North Sydney NS | Image 1
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$420,000

121 - 123 Pierce St, North Sydney, NS

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Commercial (Other)
Levels Commercial Sale
Size 4704 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 15
Approx. Age 
Avg. Price Per Sqft $89
MLS® Number 202512967

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 RATE OF 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 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 turn key for a new owner! There are many opportunities for a new owner to run as they wish. In the heart of North Sydney, overlooking 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.Show Description
MLS® Number202512967
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatFurnace, Radiator
A/C
Heating Fuel

Extras

Turn Key

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