Introducing a prime real estate opportunity in Sydney's Hardwood Hill area. This impressive 2-unit duplex, strategically positioned at the corner of George Street and Grove Street, offers an investment with a seamless blend of convenience and accessibility. The property features a well-maintained two-bedroom unit and a cozy one-bedroom unit, generating steady rental income of $1,192 and $993 per month, respectively. Lower unit has a ductless heat pump and and upper unit baseboard electric heating, no more oil expense! Currently, the landlord covers the utilities, providing a hassle-free experience for both owner and tenants. Situated within minutes walking distance from key institutions such as the Cape Breton Regional Hospital, Downtown Sydney, the new Nova Scotia Community College Waterfront campus, and the recently established Cape Breton Regional Cancer Centre, this duplex is at the heart of it all. The location boasts easy access to one of the main arteries leading to downtown Sydney and is conveniently situated on a city bus route to Cape Breton University and surrounding areas! Whether you're looking to invest in a property with reliable income streams or seeking a residence close to major amenities, this duplex is a rare find in an unbeatable location. Don't miss the chance to make this property your next smart investment or comfortable home!
Listing Sub-Area:
201-Sydney
Property Type:
Multi-Family
Multi-Family Type:
Duplex
Title To Land:
Freehold
Building Dimenions:
32 x 27
Lot Size:
5,401 sq. ft.502 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
2
Year built:
1948
(Age: 77)
Age:
76
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
None
Floor Finish:
Carpet, Laminate, Tile, Vinyl
Roof:
Asphalt Shingle
Heating:
Heat Pump -Ductless
Fuel:
Electric
Parking:
Yes
Parking Description:
Multiple parking spaces
Driveway:
Gravel, Multiple Driveways
Water Supply:
Municipal
Water And Sewage:
$612
Sewer:
Municipal
Num Units:
2
Num 1 Bed Units:
1
Num 2 Bed Units:
1
# Of Dryers:
1
# Of Fridges:
2
# Of Stoves:
2
# Of Washers:
1
Rental Income:
Yes, $26,220
Insurance Expense:
$1,500
Taxes Costs:
$1,730
Maintenace:
840.0
Electricity Bill:
$2,857
Balcony, Cable, Laundry, Telephone
8x16 Storage Shed, Upper unit appliances.
Lower Level Unit Washer and Dryer belongs to tenant.
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Ski Hill, Place of Worship, Beach