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

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

Townhouse
2
-
- sqft
$450,000
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Townhouse
2
-
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$1,933/mo

Tax Amount ()-

Days On Market11 days


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, 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 4bedrooms 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 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.


Property Details

StyleOther
ViewHarbour, Ocean, Other
Age of property-
SqFt-
Lot Size-
Parking Spaces-
MLS ®Number202505706
Community NameNorth Sydney
Data SourceNSAR
Listing byRE/MAX Park Place Inc.

Features

Heating: Baseboard, Furnace, Hot Water, Radiator
Basement: Full, Partially Finished, Walk-Out Access

Features

Patio: Deck

Property History

Mar 24, 2025
ListedActive
$450,000
11 days on market
history photo preview50
Listing by nsar®
Property listed by RE/MAX Park Place Inc., Brokerage
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Population and Demographics

Overview

Total population 5471
Average household income $83,747

Age (%)

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

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%

Schools and amenities

Estimated Budget