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Renanza Realty
For sale

90/92 Richmond Street

Sydney, Nova Scotia

MLS® 202623364

$275,000

Status
Active
Property type
Multi-family
MLS® number
202623364
Bedrooms
Bathrooms
Year built
1912

Listing description

Introducing a lucrative investment opportunity in the heart of Cape Breton! This exceptional 4 unit investment property consists of 4 two bedroom units , offering a fantastic return for any astute investor. Strategically located within walking distance of local shopping amenities, this property ensures convenience for tenants, enhancing tenant satisfaction and retention.

It is just five minutes from the new NSCC Waterfront Campus and a mere 10 minutes to both Cape Breton Regional Hospital and Cape Breton University, making it ideal for students, healthcare professionals, and faculty alike, thus ensuring a steady stream of potential tenants. The combination of educational institutions and essential services nearby broadens the appeal to a varied demographic, including students, healthcare workers, and families. This property is priced to provide investors with an attractive return, making it an excellent addition to any real estate portfolio.

To add to this value the adjacent building 33A and 33B Inverness street is also available The unique opportunity featuring two distinct buildings totaling 6 units , enhances privacy and tenant appeal while also providing flexibility for potential future renovations. With ongoing developments in the area, including the new waterfront campus, the property is well positioned, making it a smart choice for forward-thinking investors. This 6-unit portfolio package not only presents a solid financial opportunity but also contributes to the vibrant community of Cape Breton.

Dont miss your chance to invest in a property thats not just a building, but a gateway to a thriving lifestyle. Invest in your future with this prime real estate opportunity.

Property summary

MLS® number
202623364
Property type
Multi-family
Building type
Fourplex
Title
Freehold
Land size
0.0978 acres
Built in
1912
Parking
Paved Yard, Gravel
Days on market
1 day

Features & details

Heating
Electric, Radiator, Furnace
Basement
Unknown
Flooring
Laminate, Linoleum
Exterior features
Vinyl
Community features
School Bus, Recreational Facilities

What would this home cost you?

Based on the $275,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$1,280 /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 NOVA (Windsor), Windsor.

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.