Overview
Description
521/523 George Street – Turnkey Investment Opportunity This side-by-side duplex is a cash-flowing investment property with solid upgrades and strong rental income. Each unit offers 3 spacious bedrooms and 1 bathroom, making it ideal for families or long-term tenants. Key Financials: Monthly Rental Income: $2,646 Property Taxes: $185/month Insurance: $195/month Water: $100/month Utilities: Paid by tenants (electricity and heating oil) With tenants covering major utilities and minimal operating expenses, this property boasts a 12% cap rate — well above the local market average of 7%, as reported by the owner. Property Features: Separate power and water meters for each unit Two new furnaces installed within the last two years Two new hot water tanks (also within two years) Appliances included: Fridge and stove in each unit This is a turnkey investment with updated systems and reliable income. Whether you're a seasoned investor or looking to enter the market, 521/523 George Street offers excellent returns with room to grow.
Contact us about this listing & It's History
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 | 2025-07-13T13:09:32.1 |
| Off Market Date | 2025-07-22 |
| Status | SOLD |
| Price | $199,000.00 |
| Sold Price | $160,000.00 |
| Year Built | 1912 |
| Neighborhood | Cape Breton |
| Location | Lat: 46.245111, Lng: -60.080287 |
| Square Feet | 0.00 |
| Lot Size | 5,830.00 |
| Parking Features | Two separate driveways |
| Appliances | Stove,Refrigerator |
| Heating | Baseboard,Furnace,In Floor,Radiator |
| Cooling | Baseboard,Furnace,In Floor,Radiator |
| Sewer | Municipal |
| Roof | Asphalt Shingle |
| Flooring | Carpet,Laminate,Vinyl |
| Lot Features | 11660 |
| Community Features | Public Transit,Recreation Center,School Bus Service,Shopping,Place of Worship |
| Association Fee | 0.00 |
| Listing Office Name | 974 |
| Listing Agent | Sheila O'Neil-McKinnon |
| Listing Agent Contact | sheila@valmacrealty.com |
| MLS® | 202517460 |
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.