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121 - 123 PIERCE Street
205-North Sydney North Sydney B2A 1P4

$390,000
Commercial

Main Photo: 121 - 123 PIERCE Street, North Sydney, Nova Scotia
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
202521457
Bus Major:
Bed & Breakfast
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.
Turn on to Pierce From Blowers and watch for civic
Listing Sub-Area:
205-North Sydney
Property Type:
Commercial
Commercial Type:
Other
Major Bus Type:
Bed & Breakfast
Title To Land:
Freehold
Main Living Area:
4,203 sq. ft.
Floor Area:
4,704 sq. ft.
Building Dimenions:
44 x 41
Prop Size:
Under 0.5 Acres
Lot Size:
5,502 sq. ft.
Zoning:
UR3
Construction:
Wood Frame
Driveway:
Parking Spaces(s), Paved
# Floors:
3
Floor Finish:
Concrete, Wood
Roof:
Asphalt Shingle
Heating:
Furnace, Radiator
Fuel:
Electric, Oil
Water Supply:
Municipal
Wheelchair Accessible
Cleared, Highway Access, Shopping Nearby, Visual Exposure, High Traffic Location
Living Accommodations
Turn Key
Personal belongings and personal furniture.
None
No
View: Harbour, View: Ocean
Rental Income:
Yes
Net Income:
88,860.91
Gross Revenue:
109,000
Total Expenses:
20,139.09
Property Taxes Payer:
Owner
Heating Payer:
Owner
Hydro Payer:
Owner
Water Payer:
Owner
Insurance Payer:
Owner
Possession Info:
To be negotiated.
Listed Date:
Days on Mkt:
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Listed by RE/MAX Park Place Inc.
Data was last updated September 3, 2025 at 01:20 PM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$443,500
Min list price:
$0
Max list price:
$1,985,000
Avg days on market:
126
Min days on market:
4
Max days on market:
1,394
Avg price per sq.ft.:
$102.98
These statistics are generated based on the current listing's property type and located in Cape Breton. Average values are derived using median calculations. This data is not produced by the MLS® system.
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SCOTT ROBINSON
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