55 Charlotte Street, Sydney, NS

$799,000

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0.07

Acres

About 55 Charlotte Street

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 Sydney’s 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. Three of the units have been fully renovated, featuring modern finishes and efficient heat pump systems for year-round comfort. This enhances tenant appeal and guarantees consistent rental income. Strong Rental Demand: 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. Opportunity for Additional Value: While three units are already fully renovated, the other three provide an excellent opportunity for further improvements. Investing in these units can significantly increase their rental potential, allowing you to maximize your return on investment. Stable Income Potential The six-unit setup provides a diversified income stream, reducing risks typically associated with single-family rentals. This building offers a blend of established and newly improved units, catering to a wide array of potential tenants.

Features of 55 Charlotte Street

MLS® # 202518778
Price $799,000
Acres 0.07
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information

Address 55 Charlotte Street
Area Cape Breton
District 201-Sydney
Sub-District N/A
City Sydney
County Cape Breton
Province NS
Postal Code B1P 1B8

Amenities

Utilities Electricity Connected
Parking Gravel, Parking Spaces(s)
Is Waterfront No
Has Pool No

Interior

Appliances Electric Range, Dryer, Washer, Refrigerator, Stove
Heating Baseboard, Furnace, Heat Pump, Ductless
Cooling Air Conditioning
Fireplace No
# of Stories 3
Has Basement Yes
Basement Full

Exterior

Lot Description Under 0.5 Acres
Roof Asphalt
Construction Vinyl Siding
Foundation Stone, Other

School Information

Elementary Brookland Elementary School
Middle Sherwood Park Education Centre
High Sydney Academy

Additional Information

Zoning UR3

Listing Details

OfficeRE/MAX Park Place Inc.

Listing Map

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