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 off of main HWY to back parking lot or street-parking off of Pierce.
Listing Sub-Area:
205-North Sydney
Property Type:
Multi-Family
Multi-Family Type:
Other
Title To Land:
Freehold
Property Known As / Body of Water:
VIEW of Harbour & Ferry
Building Dimenions:
44 x 41
Outside Dimenions:
44x41
Lot Size:
5,502 sq. ft.511 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
2
# Floors:
3
Exterior Finish:
Vinyl
Foundation:
Stone
Basement:
Full, Partially Developed, Walkout
Floor Finish:
Carpet, Ceramic, Laminate, Linoleum
Roof:
Asphalt Shingle
Heating:
Baseboard, Furnace, Hot Water, Radiator
Fuel:
Electric, Oil
Driveway:
Parking Spaces(s), Paved
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
2
Num 2 Bed Units:
1
# Of Dryers:
1
# Of Fridges:
1
# Of Microwaves:
2
# Of Stoves:
2
# Of Washers:
1
Rental Income:
Yes, 105000
Laundry Income:
4000
Approx. Net Income:
88860.91
Insurance Expense:
6,175
Taxes Costs:
6467.4
Heating Bill:
5300
Electricity Bill:
2196.69
Approx. Total Expense:
201239.09
Approx. Total Income:
109000
Ensuite Bath, Laundry, Storage
Turn Key optional with all furniture and appliances.
Personal belongings of sellers.
Golf Course, Park, Public Transit, Shopping, Marina, Place of Worship
Data was last updated September 3, 2025 at 01:20 PM (UTC)
Area Statistics
Listings on market:
42
Avg list price:
$389,000
Min list price:
$90,000
Max list price:
$1,275,000
Avg days on market:
87
Min days on market:
1
Max days on market:
504
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.