Key Facts
- MLS® #: 202512936
- Property ID: SIRC2452046
- Property Type: Residential, Multi-Family Home
- Lot Size: 5,279.47 sq.ft.
- Year Built: 1950
- Listed By:
- EXP Realty of Canada Inc.
Property Description
Turnkey 6-Unit Apartment Building – Prime Location Near Downtown & Campus This solid 6-unit apartment building offers an excellent investment opportunity in a high-demand rental area. Currently, 5 of the 6 units are rented, generating consistent income. The property has seen several updates over the years, including a new roof approximately 10 years ago, electrical upgrades, newer fixtures, fresh paint in some units, and updated flooring in select areas. Each apartment is spacious and well-suited for long-term tenants or student renters, close to schools, making this a smart choice for both new and seasoned investors. Key Financials: Gross Annual Revenue: $74,604.00 Current Revenue: $43,751.00 Annual Expenses: $30,852.36 Net Income: Approximately $46,000 per year Located close to the downtown core, the new campus, public transit, shops, and the waterfront, this property is ideally positioned to attract tenants year-round. With continued appeal to students and young professionals, vacancy rates remain low and rental demand high. Don't miss this opportunity to own a well-performing income property in a growing and vibrant neighborhood.
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Location
100 York Street, Sydney, Nova Scotia, B1P 6B4 Canada
Around this property
Information about the area within a 5-minute walk of this property.
- 32.72% 20 to 34 年份
- 23.28% 50 to 64 年份
- 15.44% 35 to 49 年份
- 14.56% 65 to 79 年份
- 3.76% 15 to 19 年份
- 2.64% 5 to 9 年份
- 2.64% 10 to 14 年份
- 2.64% 80 and over
- 2.32% 0 to 4
- Households in the area are:
- 50.64% Single person
- 37.22% Single family
- 12.14% Multi person
- 0% Multi family
- 77 680 $ Average household income
- 33 704 $ Average individual income
- People in the area speak:
- 80.3% English
- 5.94% Malayalam
- 5.04% Punjabi (Panjabi)
- 2.69% English and non-official language(s)
- 2.44% Mandarin
- 1.47% Hindi
- 0.65% Tagalog (Pilipino, Filipino)
- 0.57% French
- 0.57% English and French
- 0.33% Mi'kmaq
- Housing in the area comprises of:
- 46.19% Apartment 1-4 floors
- 37.55% Single detached
- 8.44% Duplex
- 4.45% Semi detached
- 2.31% Row houses
- 1.07% Apartment 5 or more floors
- Others commute by:
- 18.33% Foot
- 2.99% Other
- 1.99% Bicycle
- 0% Public transit
- 30.95% High school
- 21.9% Bachelor degree
- 18.6% Did not graduate high school
- 11.64% College certificate
- 9.39% Trade certificate
- 3.77% University certificate
- 3.75% Post graduate degree
- The average are quality index for the area is 1
- The area receives 460.92 mm of precipitation annually.
- The area experiences 7.39 extremely hot days (27.09°C) per year.
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- Principal and Interest $3,051 /mo
- Property Taxes n/a
- Strata / Condo Fees n/a