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Renanza Realty
For sale

55 Charlotte Street

Sydney, Nova Scotia

MLS® 202615970

$859,000

Status
Active
Property type
Multi-family
MLS® number
202615970
Bedrooms
Bathrooms
Year built

Listing description

Unlock a Premier Investment Opportunity in Sydney's Historic North End! Are you looking to expand your investment portfolio with a property that combines historical charm and modern upgrades? Look no further than this exceptional six-unit building located in the desirable North End of Sydney.

This property presents a rare opportunity for investors seeking to capitalize on a thriving rental market. Prime Location: Nestled in the heart of Sydneys Historic North End, this building is surrounded by vibrant amenities, cultural attractions, and convenient transport options. Its location not only appeals to tenants but also promises long-term appreciation in value.

Over the years, this building has undergone numerous updates, ensuring that each unit is in excellent condition. Five of the units have been fully renovated, featuring modern finishes and efficient heat pump systems for year-round comfort. All 6 units have fire alarm systems.

Oil tank and furnace new within last 7 years. This enhances tenant appeal and guarantees consistent rental income. The North End is known for its attractive lifestyle, making it a hotspot for renters.

With a mix of young professionals and families drawn to the area, you can expect high occupancy rates and the potential for rental growth. The six-unit setup provides a diversified income stream, reducing risks typically associated with single-family rentals. This building offers a majority newly improved units, catering to a wide array of potential tenants.

Property summary

MLS® number
202615970
Property type
Multi-family
Building type
Apartment
Title
Freehold
Land size
0.0704 acres
Parking
Parking Space(s), Gravel
Days on market
79 days

Features & details

Heating
Heat Pump, Baseboard heaters, Oil, Electric, Ductless, Furnace
Cooling
Air Conditioned
Basement
Full
Flooring
Hardwood, Laminate, Other, Vinyl, Vinyl Plank
Appliances
Washer, Refrigerator, Range - Electric, Dryer
Exterior features
Vinyl
Lot features
Sump Pump
Community features
Recreational Facilities

What would this home cost you?

Based on the $859,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$3,997 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX Park Place Inc., Sydney.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.