121 & 123 Pierce Street, North Sydney, Nova Scotia - For Sale $450,000

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$450,000

For Sale

Other 2 Units Occupied 5,000 sqft.

121 & 123 Pierce Street, North Sydney 50 photos

Type

Other

Units Occupied

Units Available

1 2-Bedroom Units

Age

N/A

Est. Mortgage

Calculating..

Price/Sq. Ft.

N/A

2025 Assessment & Tax

$343,300 $12,743

Lot Size

5,500 sqft

Listing History

35 events over 18 years

Historical Assessment

120% increase (2021-2025)

Has Garage

Land Registry Records

8 (1980 - 2024)

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Occupancy

Possession

Previously Shown By

Listing Owner(s)

Prov. Owner(s)

District

Subdistrict

MLS Zoning

Postal Code

B2A 1P4

Showing Instructions

Remarks

Lockbox Location

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Selling Agent(s)

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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... 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. Read More

Listing ID: 202505706 PID: 15029804

Listing History

Public Record Sales 1 record

Taxes/Assessment History

Details

PID's:15029804, 15793011

Type:Other

Units Occupied:2

2 Bedroom Units:1

Building Dimensions:44 x 41

Age:N/A

Listing Parcel Size:5,500 sqft

Prov. Parcel Size:5,000 sqft

Assessed At:$343,300 (2025)

Has Garage:No

Parking:N/A

Waterfront:No

Appliances Incl.:Dryer, Refrigerator, Stove, Washer

Inclusions:Turn Key optional with all furniture and appliances.

Exclusions:Personal belongings of sellers.

Listed By:Re/max Park Place Inc.

Has PCDS:No

Betterment Charges:N/A

Bank Owned:No

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