Introducing a lucrative investment opportunity in the heart of Cape Breton! This exceptional 6-unit investment property consists of two well-maintained buildings, 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. The unique layout, featuring two distinct buildings, 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 property not only presents a solid financial opportunity but also contributes to the vibrant community of Cape Breton. Don’t miss your chance to invest in a property that’s not just a building, but a gateway to a thriving lifestyle. Invest in your future with this prime real estate opportunity.
Prince Street in Sydney to disco Street to Richmond Street to Inverness
Listing Sub-Area:
201-Sydney
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
54x40-jogs , 49x29+-jogs
Lot Size:
8,594 sq. ft.798 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
5
Year built:
1912
(Age: 114)
Age:
114
Exterior Finish:
Vinyl
Foundation:
Concrete, Other
New Constr.:
No
Basement:
Undeveloped, Other
Floor Finish:
Laminate, Linoleum
Roof:
Asphalt Shingle
Heating:
Baseboard, Hot Water, Radiator
Fuel:
Electric, Oil
Parking:
Yes
Parking Description:
Multi
Driveway:
Gravel, Multiple Driveways, Paved
Water Supply:
Municipal
Water And Sewage:
2600
Sewer:
Municipal
Num Units:
6
Num 1 Bed Units:
1
Num 2 Bed Units:
4
Num 4 Bed Units:
1
# Of Dryers:
6
# Of Fridges:
6
# Of Microwaves:
1
# Of Stoves:
6
# Of Washers:
6
Rental Income:
No, 72,713
Approx. Net Income:
72,713
Insurance Expense:
4487
Taxes Costs:
4400
Other Costs:
1200
Maintenace:
1200.0
Snow / Garbage Collection:
3000
Heating Bill:
8400
Electricity Bill:
6400
Approx. Total Expense:
31,687
Approx. Total Income:
104,400
One microwave six stoves, six washers, six dryers, six fridges and six stoves
Park, Playground, Public Transit, School Bus Service, Shopping
Data was last updated June 30, 2026 at 09:20 AM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$304,950
Min list price:
$175,000
Max list price:
$859,000
Avg days on market:
35
Min days on market:
1
Max days on market:
390
These statistics are generated based on the current listing's property type
and located in
201-Sydney. Average values are
derived using median calculations. This data is not produced by
the MLS® system.