Overview
Description
Seize a rare opportunity to acquire a high performing turnkey investment property in a picturesque coastal setting. This fully occupied 5 unit residential building delivers immediate and stable cash flow in a region experiencing strong rental demand and extremely low vacancy, making it a secure and attractive addition to any portfolio. With a cap rate of approximately 10 percent, the property offers an exceptional return on investment. Positioned on an expansive 2.5 acre lot, it provides both privacy and long term development potential. The well maintained building features a large wrap around deck with scenic views, enhancing tenant appeal, along with an accessibility ramp that broadens usability. A key advantage is the established on site property management, handling day to day operations and tenant relations, making this a truly hands off investment. The location is ideal for tenants seeking a balanced lifestyle, with Point Michaud Beach just 15 minutes away and the amenities of St Peters including dining, shopping and services reachable in under 20 minutes. Whether you are expanding your portfolio or entering the market with a strong asset, this property combines location, stability and outstanding returns in one compelling offering. Inquire today to receive the full financial package.
Contact us about this listing & It's History
Neighborhood Information
Grand River, NS
Grand River is a small rural community located in Cape Breton Island, Nova Scotia. The community is well known for its serene environment and picturesque landscapes the perfect spot for those who love to experience the great outdoors. Nestled between Grand River Falls and the Grand Lake Road, this area boasts beautiful views and a calm, peaceful lifestyle.
The community is friendly and welcoming, which can be seen in the communal efforts to maintain the aesthetics of the area. However, it's worth noting that amenities are limited in this rural setting, which may be a drawback for some. On the other hand, the tranquility and closeness to nature can be a huge draw for those looking for a quieter pace of life.
65
As compared to other cities in Canada, Grand River offers a quiet rural lifestyle that can be quite desirable for those looking for tranquility and nature. However, lack of amenities could be a downside for some, giving it a score of 65.
Search Nearby Activities70
There is no specific data on schools within the Grand River community, but Nova Scotia generally has a good reputation for education, scoring 70 when compared with other regions in the country.
Search Nearby Schools60
Entertainment options in Grand River are primarily outdoor-oriented, with activities like hiking and nature walks. With limited options for other forms of entertainment, it scores a 60.
Search Nearby Restaurants85
For outdoor enthusiasts, Grand River provides ample opportunities for activities like fishing, hiking, and bird watching, which gives it a score of 85 in comparison to other cities in the country.
Walk Score - 6%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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Estimated Monthly Payment:
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 | 2026-03-31T13:45:47.8 |
| Status | ACTIVE |
| Price | $399,900.00 |
| Neighborhood | Highland Region |
| Location | Lat: 45.646220, Lng: -60.657590 |
| Square Feet | 0.00 |
| Lot Size | 109,771.00 |
| Parking Features | Large wrap-around gravel parking lot |
| Appliances | Range - Gas,Dryer - Electric,Washer,Refrigerator,Water Softener |
| Heating | Baseboard,Furnace |
| Cooling | Baseboard,Furnace |
| Sewer | Septic |
| Interior Features | Laundry,Storage |
| Roof | Asphalt Shingle |
| Flooring | Laminate,Vinyl |
| Lot Features | 109771 |
| Community Features | Recreation Center,School Bus Service,Place of Worship,Beach |
| Association Fee | 0.00 |
| Assessments | 153500 |
| Listing Office Name | 2405 |
| Listing Agent | Johannes Dombrowski |
| Listing Agent Contact | johannes@ilandrealty.com |
| MLS® | 202605894 |
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.