21-23 Newbury Street, Sydney, Nova Scotia B1P 3P7

George Street to Newbury Welcome to this investment opportunity with so much potential. You could live in one and collect rent from the other. Located in a central area of Sydney close to all amenities and only 5 minutes to the Regional Hospital makes this is a very desirable package. This property has been rented to the same tenants for many years with much potential for rental advancement. The property is solid with each unit heated separately with its own meter and electric heat. Each unit is 2 bedrooms with laundry and a kitchen and bath. The grounds a nice and have a private back yard with a shed. RENT BREAKDOWN from tenants who occupied the units for 16 years. UNIT 1- Up stairs- $605.00 (tenant pays $280.00 government Sub pay $325.00 and that includes heat and lights. Could be paid by a tenant as its on a separate meter in a future lease. UNIT 2- Lower Level Tenant pay $700.00 and the tenant covers his own heat and lights. Water, Insurance is all paid by the sellers. The snow and lawn is the responsibility of the tenant on the lower level. UNIT 2 (id:27476)

Welcome to this exciting investment opportunity that holds great potential. Whether you choose to live in one unit and rent out the other, or rent out both units, this property is a fantastic option. Situated in a central area of Sydney, close to all amenities and just 5 minutes from the Regional Hospital, this property offers a highly desirable package.

The property has been consistently rented to the same tenants for many years, presenting a significant opportunity for rental income growth. Each unit is solidly built and equipped with separate electric heating and meters. Both units feature 2 bedrooms, a kitchen, a bathroom, and laundry facilities. The property also boasts a well-maintained private backyard with a shed.

Let's break down the rental income from the long-term tenants who have occupied the units for 16 years. The upstairs unit (Unit 1) rents for $605.00, with the tenant paying $280.00 and the government subsidy covering the remaining $325.00, which includes heat and lights. In the future, this could be paid by the tenant as it is on a separate meter. The lower level unit (Unit 2) rents for $700.00, and the tenant covers their own heat and lights. The sellers take care of water and insurance, while the tenant on the lower level is responsible for snow removal and lawn maintenance.

This property is currently for sale and offers a land size of 0.0953 acres. It is located on Newbury Street in the city of Sydney, Nova Scotia, with the postal code B1P3P7. This duplex property presents an excellent investment opportunity in the vibrant community of Sydney.