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 County Cape Breton Municipality Sydney Northend
24- 26 Glebe Street
Directions Print
24- 26 Glebe Street $389,000
$389,000
Hide
Favourite

24- 26 Glebe Street
Sydney, Nova Scotia B1P1S2

MLS® Number: 202515195

Listing Description

Strategic Investment Opportunity High-Potential Fourplex-- Each unit is so large it could be converted into 8 units. This income-producing fourplex, ideally located in the heart of Sydney, presents an exceptional opportunity for investors seeking both immediate cash flow and long-term upside. The property currently generates $2,000 per month from two tenanted units, with utilities included. The remaining two main-level units are vacant, offering immediate potential to increase income through new leases or renovation. Oversized apartments could easily be converted from 4 units to 8 units. Each of the four units is generously sized, and one has already undergone partial renovations. The layout and scale of the building present a rare opportunity to convert the existing four units into eight , significantly boosting rental revenue. Major systems have been updated, including a fiberglass oil tank, furnace, and roofeach approximately 10 years old. The building is heated with oil hot water, several windows have been upgraded, and there is a full basement with partial ceiling height for additional storage or utility use. Each unit has a separate electric panel and the tenant could be paying their own electrical. Five meters including one house meter. The property is ideally situated near downtown Sydney, with easy access to public transit, parks, shopping, and the universitymaking it highly attractive to both student and professional tenants. Whether you're a seasoned investor looking to reposition and scale an asset, or entering the market with a property that offers strong fundamentals, this fourplex delivers on location, size, and future potential. It's a rare opportunity to acquire a well-located, high-upside building in one of Sydneys most desirable areas for rentals (231013156)

Location Description

Dorchester to Glebe

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Community Name
Sydney
Title
Freehold
Land Size
0.123 ac
Built in
1915
Parking Type
Gravel
Time on REALTOR.ca
181 days

Building

Interior Features
Flooring
Carpeted, Laminate, Tile
Basement Type
Full (Unfinished)
Building Features
Foundation Type
Concrete Perimeter
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Aluminum siding
Neighbourhood Features
Amenities Nearby
Park, Playground, Public Transit, Shopping, Place of Worship
Parking
Parking Type
Gravel
Are you interested in touring this listing?
Request a showing

902-371-4663
902-780-4779
902-371-4663

Similar Listings

Cheryl Vickers