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Philip Jonker

phil@propertyhalifax.ca +1(902) 817-4708

Listed by Jesse Denton • Viewpoint Realty Services Inc. (Sydney)

$279,000

Est. payment - /mo

6 Beds

5,000 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 202621950

Bedrooms 6

HOA Y/N No

Lot Size 5,000 Sqft

Acres 0.1148

Property Sub-Type Triplex

Source Nova Scotia

Property Description

Introducing 37 Pierce Street, an impressive fully renovated triplex in the heart of North Sydney. Purchased in 2019, the property has been completely renovated from the studs out, with the exception of the roof, which is approximately 10 years old, and the siding. Each of the three units features its own 100-amp breaker panel, dedicated air exchanger, heat pump, and electric baseboard heating. The upper unit is currently rented for $1,008 per month plus utilities, while the main floor and basement units are vacant, providing an excellent opportunity for the new owner to select their own tenants. Projected rents are approximately $1,250 per month for the main floor and $1,100 per month for the basement. Each unit offers 2 bedrooms, a 4-piece bathroom, contemporary kitchen with tiled backsplash, and an open-concept living and dining area. Each unit is also equipped with its own washer/dryer combo. With all three units separately metered for electricity and each offering its own laundry and mechanical features, this property offers an attractive setup for investors. Conveniently located within walking distance to many local amenities and just a short walk to the bus stop, 37 Pierce Street offers a strong combination of location, condition, and income potential. Based on the current rental income and projected rents for the vacant units, the property offers the potential for a future cap rate of approximately 10% +/-, making this an excellent investment opportunity.

Location

Province NS

County Cape Breton

Area 205-North Sydney

Zoning UR3

Region Cape Breton

City Region Cape Breton

Rooms

Basement Finished

Bedroom 2 3800

Living Room 0

Dining Room 40296

Kitchen 2800

Interior

Heating Baseboard, Ductless

Cooling Air Conditioning

Flooring Laminate, Tile, Vinyl Plank

Inclusions Appliances

Equipment Heat/Air Exchange, Sump Pump, No Rental Equipment

Fireplace No

Appliance Range, Dishwasher, Washer/Dryer, Refrigerator, Stove, Washer, Dryer

Laundry Laundry

Exterior

Community Features Golf, Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Shopping, Ski Hill, Marina, Place of Worship, Beach

Utilities Available Electricity Connected

View Y/N No

Roof Type Asphalt

Garage No

Private Pool No

Building

Lot Description 0.5 to 0.99 Acres

Story 2

Foundation Concrete Perimeter

Sewer Municipal

Water Municipal

New Construction No

Others

Ownership Freehold

ParcelsYN No

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Philip Jonker

+1(902) 817-4708

Agent License ID: 1811911

37 Pierce Street North Sydney, NS B2A 1M7

Philip Jonker

Key Details

Location

Rooms

Interior

Exterior

Building

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