Overview
Description
Turnkey 6-Unit Apartment Building – Prime Location Near Downtown & Campus This solid 6-unit apartment building offers an excellent investment opportunity in a high-demand rental area. Currently, 5 of the 6 units are rented, generating consistent income. The property has seen several updates over the years, including a new roof approximately 10 years ago, electrical upgrades, newer fixtures, fresh paint in some units, and updated flooring in select areas. Each apartment is spacious and well-suited for long-term tenants or student renters, close to schools, making this a smart choice for both new and seasoned investors. Key Financials: Gross Annual Revenue: $74,604.00 Current Revenue: $43,751.00 Annual Expenses: $30,852.36 Net Income: Approximately $46,000 per year Located close to the downtown core, the new campus, public transit, shops, and the waterfront, this property is ideally positioned to attract tenants year-round. With continued appeal to students and young professionals, vacancy rates remain low and rental demand high. Don't miss this opportunity to own a well-performing income property in a growing and vibrant neighborhood.
Contact us about this listing & It's History
Neighborhood Information
Sydney, NS
Sydney is the largest urban centre on Cape Breton Island, in Nova Scotia, Canada. Located on the east coast of the island, Sydney boasts a natural harbour and beautiful waterfront. The city is known for its rich history, with a blend of cultures contributing to its unique charm. Sydney's attractions include the Sydney Opera House, Harbour Bridge, and Royal Botanic Garden, which attract tourists from around the world. The city offers a good balance of urban life and nature, with nearby Cabot Trail and Bras d'Or Lake offering stunning outdoor experiences.
The city has a friendly atmosphere, with a community-focused lifestyle. However, it can experience harsh winter weather, which might be a con for some. The cost of living is generally affordable compared to larger cities, making it an attractive place for families and retirees. The local economy is diverse, with industries including tourism, healthcare, and education.
75
Sydney is a desirable place to live, with its balance of urban amenities and access to nature. It offers a lower cost of living compared to larger cities, but job opportunities can be limited. The community is friendly and welcoming, making it a great place for families and individuals seeking a slower pace of life. City Score: 75.
Search Nearby Activities70
The schools in Sydney offer a strong education with a focus on community engagement. However, options may be limited compared to larger cities. Schools Score: 70.
Search Nearby Schools80
Sydney provides a good range of entertainment options, from cultural events at the Sydney Opera House to local festivals and concerts. There are also numerous pubs, restaurants, and shopping venues. Entertainment Score: 80.
Search Nearby Restaurants85
For outdoor activities, Sydney is hard to beat. Local opportunities for hiking, fishing, boating, and exploring nature trails abound. The nearby Cabot Trail and Bras d'Or Lake are popular spots for outdoor adventures. Outdoor Activities Score: 85.
Walk Score - 66%About Your Relator®
Jessica Mugford
Meet Jessica Mugford, a dynamic and enthusiastic Realtor® based in the heart of Sydney, NS. Born and raised in this picturesque coastal city, Jessica brings a deep-seated passion and a comprehensive understanding of the local market to her role. Her journey in real estate began at RE/MAX Park Place, where she served as an administrative professional specializing in contract review. This experience has provided her with invaluable insights into the industry, enhancing her expertise in managing real estate transactions with finesse.
Jessica's love for travel has broadened her perspective, allowing her to appreciate diverse lifestyles and housing needs, making her an ideal advisor for clients seeking to navigate the complexities of the real estate market. Coupled with her exceptional customer service skills, Jessica is committed to offering personalized and effective real estate solutions.
With deep rooted entrepreneurial ties to the community, Jessica has the foresight to recognize independent real estate opportunities, propose growth strategies and guide her clients through effective and efficient closing processes.
With Jessica Mugford, you can expect nothing less than a professional, tailored approach.
Phone: (902) 322-1684
Email: jessicamugford@remax.net
Office: Sydney
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Monthly mortgage and property tax payments are estimates for which we bear no responsibility.
Homeowners could also be subject to mortgage insurance premiums, homeowners insurance premiums, and other costs.
Property Details
| On Market Date | 2025-05-30T19:25:16.3 |
| Status | ACTIVE |
| Price | $625,000.00 |
| Year Built | 1950 |
| Neighborhood | Cape Breton |
| Location | Lat: 46.144438, Lng: -60.194971 |
| Square Feet | 0.00 |
| Lot Size | 5,280.00 |
| Heating | Furnace |
| Cooling | Furnace |
| Sewer | Municipal |
| Roof | Rolled |
| Flooring | Laminate |
| Lot Features | 5280 |
| Community Features | Park,Playground,Public Transit,Shopping,Place of Worship |
| Association Fee | 0.00 |
| Listing Office Name | 2225 |
| Listing Agent | Cheryl Vickers |
| Listing Agent Contact | cvickersrealestate@gmail.com |
| MLS® | 202512936 |
No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.