Unknown for 121 - 123 Pierce St, North Sydney Nova Scotia B2A 1P4
40 days on Market

121 - 123 Pierce St, North Sydney, Nova Scotia B2A 1P4

Other
-
-
~4704 sqft
$390,000
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Other
-
-
~4704 sqft

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Highlights

Property Estimate

Days on market40 days

Estimated valueNot available

Price/Sqft$82/sqft

Monthly cost

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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.


Property Details

StyleOther
ViewHarbour, Ocean
Age of property-
SqFt~4704 SqFt
Lot Size-
Parking Spaces-
MLS ®Number202521457
Community NameNorth Sydney
Data SourceNSAR
Listing byRE/MAX Park Place Inc.

Features

Heating: Furnace, Radiator

Property listed by RE/MAX Park Place Inc., Brokerage
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Market Data - North Sydney

Geo Zone Map ThumbnailNorth Sydney

Strong Seller's Market

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Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

0 day

2023

0 day

2022

0 day

New Listings

Past 30 days

4 listings

Compared to

2024

10 listings

2023

4 listings

2022

6 listings

Units sold

Past 30 days

0 unit

Compared to

2024

0 unit

2023

0 unit

2022

0 unit

Median Sold Price

Past 30 days

$0

Compared to


Population and Demographics

Overview

Total population 5471
Average household income $83,747

Age (%)

0 to 19
17%
20 to 34
14%
35 to 49
15%
50 to 64
24%
65 and plus
30%

Household composition (%)

Single family
57%
Single person
38%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
99%
Others
1%

House tenancy (%)

Owners
66%
Renters
34%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget