Overview

Property Type Triplex

Description

Introducing 37 Pierce Street, an impressive fully renovated triplex in the heart of North Sydney. Purchased in 2019, the property has been completely renovated from the studs out, with the exception of the roof, which is approximately 10 years old, and the siding. Each of the three units features its own 100-amp breaker panel, dedicated air exchanger, heat pump, and electric baseboard heating. The upper unit is currently rented for $1,008 per month plus utilities, while the main floor and basement units are vacant, providing an excellent opportunity for the new owner to select their own tenants. Projected rents are approximately $1,250 per month for the main floor and $1,100 per month for the basement. Each unit offers 2 bedrooms, a 4-piece bathroom, contemporary kitchen with tiled backsplash, and an open-concept living and dining area. Each unit is also equipped with its own washer/dryer combo. With all three units separately metered for electricity and each offering its own laundry and mechanical features, this property offers an attractive setup for investors. Conveniently located within walking distance to many local amenities and just a short walk to the bus stop, 37 Pierce Street offers a strong combination of location, condition, and income potential. Based on the current rental income and projected rents for the vacant units, the property offers the potential for a future cap rate of approximately 10% +/-, making this an excellent investment opportunity.

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Neighborhood Information

North Sydney, NS

North Sydney is a maritime community in Nova Scotia, Canada. It's known for being the Atlantic gateway to Newfoundland via the Marine Atlantic ferry service. The town offers a blend of small-town charm and natural beauty with its coastal landscape. The historic downtown offers quaint shops and restaurants. The surrounding areas are renowned for their outdoor activities, including fishing, hiking, and boating. The area is also popular for its rich cultural heritage with many museums and historic sites to explore.

However, those seeking bustling city life may find North Sydney a bit quiet. The local economy largely revolves around the ferry service and can be seasonal. While some find the slower pace of life advantageous, others might see it as a disadvantage.

City Score
80

Compared to other cities in Canada, North Sydney is a smaller and quieter town. It has a lower cost of living and a slower pace of life, which some may appreciate. The town's natural beauty and coastal location also contribute to its unique appeal. The city scores an 80 out of 100 for livability.

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School Score
75

The schools in and around North Sydney, such as the Cape Breton University, are known for their community engagement and quality education. Given these factors, the school's score in the city as compared to other cities in the country is 75.

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Entertainment Score
70

North Sydney offers a range of entertainment options from local pubs and restaurants to theatre productions at the local community arts centre. The city's entertainment score is 70.

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Activity Score
85

Outdoor enthusiasts will enjoy North Sydney for its fishing, boating, and hiking opportunities. There are several parks and trails in and around the town, making it a great place for outdoor activities. The city scores an 85 in this area.

Walk Score - 81%

About Your Relator®

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

Similar Properties

Properties within the same area, priced within 20% of the listing will be evaluated on several key factors including the number of bathrooms, bedrooms, additional features, and price per square foot and several other factors. Using these comprehensive comparisons, we derive a Similarity Score to help you find the best match.

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Property Details

On Market Date2026-08-31T13:59:27.4
Off Market Date2026-09-03
StatusCONDITIONAL SALE
Price$279,000.00
NeighborhoodCape Breton
LocationLat: 46.206920, Lng: -60.255490
Square Feet0.00
Lot Size5,000.00
Parking FeaturesGravel
AppliancesRange,Dishwasher,Washer/Dryer Combo,Refrigerator
HeatingBaseboard,Heat Pump -Ductless
CoolingBaseboard,Heat Pump -Ductless
SewerMunicipal
Interior FeaturesAir Conditioning,Heat/Air Exchange,Laundry,Sump Pump
RoofAsphalt Shingle
FlooringLaminate,Tile,Vinyl Plank
Lot Features5000
Community FeaturesGolf Course,Park,Playground,Public Transit,Recreation Center,School Bus Service,Shopping,Ski Hill,Marina,Place of Worship,Beach
Association Fee0.00
Listing Office Name1296
Listing AgentJesse Denton
Listing Agent Contactjesse.denton@viewpoint.ca
MLS®202621950
All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice.
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.