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Home NS Cape Breton Cape Breton County Cape Breton Municipality Sydney Northend
55 Charlotte Street
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55 Charlotte Street $799,000
$799,000
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55 Charlotte Street
Sydney, Nova Scotia B1P1B8

MLS® Number: 202527115

Listing Description

Unlock a Premier Investment Opportunity in Sydney's Historic North End! Are you looking to expand your investment portfolio with a property that combines historical charm and modern upgrades? Look no further than this exceptional six-unit building located in the desirable North End of Sydney. This property presents a rare opportunity for investors seeking to capitalize on a thriving rental market. Prime Location: Nestled in the heart of Sydneys Historic North End, this building is surrounded by vibrant amenities, cultural attractions, and convenient transport options. Its location not only appeals to tenants but also promises long-term appreciation in value. Over the years, this building has undergone numerous updates, ensuring that each unit is in excellent condition. Three of the units have been fully renovated, featuring modern finishes and efficient heat pump systems for year-round comfort. This enhances tenant appeal and guarantees consistent rental income. Strong Rental Demand: The North End is known for its attractive lifestyle, making it a hotspot for renters. With a mix of young professionals and families drawn to the area, you can expect high occupancy rates and the potential for rental growth. Opportunity for Additional Value: While three units are already fully renovated, the other three provide an excellent opportunity for further improvements. Investing in these units can significantly increase their rental potential, allowing you to maximize your return on investment. Stable Income Potential The six-unit setup provides a diversified income stream, reducing risks typically associated with single-family rentals. This building offers a blend of established and newly improved units, catering to a wide array of potential tenants. (231587371)

Location Description

Corner of Charlotte and Amelia

Property Summary

Property Type
Multi-family
Building Type
Apartment
Community Name
Sydney
Title
Freehold
Land Size
0.0704 ac
Parking Type
Gravel, Parking Space(s)
Time on REALTOR.ca
44 days

Building

Interior Features
Appliances Included
Range - Electric, Dryer, Washer, Refrigerator
Flooring
Hardwood, Laminate, Vinyl, Other, Vinyl Plank
Basement Type
Full
Building Features
Features
Sump Pump
Foundation Type
Stone, Unknown
Rental Equipment
Furnace
Heating & Cooling
Cooling
Air Conditioned, Heat Pump
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Vinyl
Neighbourhood Features
Community Features
Recreational Facilities
Amenities Nearby
Park, Playground, Public Transit, Shopping, Place of Worship
Parking
Parking Type
Gravel, Parking Space(s)
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