We use cookies and other technologies for functionality, security, and to provide you with a personalized experience on our online services. By continuing to use our online services, you agree to our Privacy Policy and Terms of Use. For information on how to adjust your privacy settings, visit our Cookie Policy.
Dismiss
Home
/
NS
/
Cape Breton
/
Cape Breton Municipality
/
North Sydney
121 - 123 PIERCE Street
Directions Print
More Photos + 43
121 - 123 PIERCE Street $450,000
$450,000
Hide
Favourite

121 - 123 PIERCE Street
North Sydney, Nova Scotia B2A1P4

MLS® Number: 202505113

Listing 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. (230542606)

Location Description

Turn on to Pierce From Blowers and watch for civic

Property Summary

Property Type
Other
Community Name
North Sydney
Title
Freehold
Land Size
0.1263 ac
Parking Type
Parking Space(s), Paved Yard
Time on REALTOR.ca
20 days

Price and Sale History

Date Status Price
Dec 21, 2023 Sale Closed $430,000
Dec 21, 2023 Sale Closed $430,000
Oct 14, 2006 Sale Closed $70,000

Building

Interior Features
Flooring
Concrete, Wood
Building Features
Construction Material
Wood frame
Building Amenities
Living Accommodation
Utilities
Water
Municipal water
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Highway, Shopping
Parking
Parking Type
Parking Space(s), Paved Yard

Measurements

Total Finished Area
4704 sqft

Land

Lot Features
Land Disposition
Cleared
View
Harbour, Ocean view
Other Property Information
Access
Highway access
Data provided by: Nova Scotia Association of REALTORS® 112 - 68 Highfield Park Drive, Dartmouth, Nova Scotia B3A 0E4
902-295-7766
REALTOR® Website
Email
Book showing
RE/MAX Park Place Inc.
602 George Street
Sydney, Nova Scotia B1P1K9
902-567-9880
902-567-0454
Office Website
Jenessa MacInnis