121 & 123 Pierce Street, NORTH SYDNEY

2025-03-25
 

Quick Summary

Location
121 & 123 Pierce Street, NORTH SYDNEY, Nova Scotia B2A1P4
Price
$450,000 CAD
Status:
For Sale
Property Type:
Other

MLS®#202505706

Property Description

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, this property is an easy income stream.Current 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 4bedrooms 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 travellers to Cape Breton or those living and working in the area. Seller is open to holding a second mortgage on the property for up to 10% of the purchase price! Call your agent today for more information and add this to your investment portfolio. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Golf Course, Park, Public Transit, Shopping, Place of Worship

Building

  • Appliances: Stove, Dryer, Washer, Refrigerator
  • Basement Development: Partially finished
  • Basement Features: Walk out
  • Basement Type: Full (Partially finished)
  • Exterior Finish: Vinyl
  • Fireplace: No
  • Flooring Type: Carpeted, Ceramic Tile, Laminate, Linoleum
  • Building Type: Other
  • Utility Water: Municipal water

Land

  • Land Size: 0.1263 ac
  • Sewer: Municipal sewage system

Ownership

  • Type: Freehold

Information entered by RE/MAX Park Place Inc.
Listing information last updated on: 2025-04-02 08:06:17


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$500,000

Your One Percent Realty Commission savings

$500,000

Savings calculated using One Percent Realty East Inc’s posted commission rates compared to a brokerage charging 5%. (HST is extra). Not all agents charge the same.

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What is the deal exactly, with One Percent Realty East?

We are a fully licensed real estate brokerage offering the same top-tier services and exposure as the big names in the industry—but at a lower commission rate. Here's what you can expect when you work with us: ✅ Full MLS® system listing ✅ Exposure on all major internet real estate platforms ✅ Professional signage (where permitted) ✅ Property showings and open houses ✅ Strategic advertising to attract buyers ✅ Skilled negotiation to secure the best deal ✅ Seamless conveyancing to ensure a smooth closing With us, you’re getting everything you need to sell your property successfully—just without the high commission fees.

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What do you charge?

Simple, Transparent Pricing—No Surprises! Our commission structure is designed to save you money while providing top-tier service: • Residential Properties Under $400,000: $7,950 • Residential Properties Between $400,000 and $900,000: $9,950 • Residential Properties Over $900,000: 1% of the sale price + $950 Plus applicable taxes. Optional Flexibility: You have the option to offer additional commission to the buyer's agent. The choice is entirely yours! For commercial properties, farms, or development properties, please contact a One Percent Realty East agent directly or fill out the market evaluation form at the bottom right of our website. An agent will be in touch to discuss your specific needs. It’s that simple. Maximum service, minimum commission!

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