Turnkey Duplex Portfolio in Glace Bay. Discover a rare opportunity to acquire a fully rented, meticulously maintained multi-unit property featuring six units across well-kept duplexes, all occupied by long-term senior tenants providing stable, consistent income from day one. Ideally located just minutes from Dominion Beach and Big Glace Bay Beach, this property offers strong investment fundamentals with coastal lifestyle appeal. The main unit at 16 Karls Street features an impressive 28’ x 30’ south-facing addition filled with natural light, a spacious family/gathering area with three oversized rooms, and a lower level 28’ x 30’ garage that has been newly spray-foam insulated and finished with a durable epoxy floor, ideal for storage, motorcycles, or ATVs. The property includes six paved driveways, offering the potential for per-bedroom rental to maximize cash flow, along with a bus stop directly across the street and convenient access to amenities including a short 13-minute drive to Cape Breton University. Recent upgrades include new front steps, decks, and landscaping for each unit, a shared firepit area, a fenced backyard at 16 Karls ideal for children and pets, and a concrete patio under the deck for additional outdoor living space. Each unit also benefits from its own dedicated storage space, while the main unit includes a new shed suitable for lawn equipment and tools. Located in a quiet, desirable coastal community, this property offers both lifestyle and long-term tenant appeal, making it an excellent opportunity for investors seeking a turnkey income property with upside potential or for buyers looking to offset ownership costs with reliable rental income.
Phalen Road to the end, turn left and watch for sign
Listing Sub-Area:
203-Glace Bay
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
28x28 and 28x56
Lot Size:
1.13 acre(s)0.46 hectare(s)
Prop Size:
1 to 2.99 Acres
# of Rental Units / Occupied:
6
Year built:
21
(Age: 2,005)
Age:
2005
# Floors:
1
Exterior Finish:
Vinyl
Foundation:
Concrete, Slab
Basement:
Crawl Space
Floor Finish:
Laminate, Linoleum
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Garage Description:
a storage shed for each unit
Parking:
Yes
Parking Description:
paved
Driveway:
Multiple Driveways
Water Supply:
Municipal
Water And Sewage:
tenant
Sewer:
Municipal
Num Units:
6
Num 2 Bed Units:
6
# Of Fridges:
6
# Of Stoves:
6
Rental Income:
Yes, 100,800.00
Laundry Income:
0.00
Other Income:
0.00
Approx. Net Income:
74900.00
Insurance Expense:
6000.00 year
Taxes Costs:
13000.00
Other Costs:
2300 year for water (owner pay
Maintenace:
8000.0
Snow / Garbage Collection:
2600.00
Heating Bill:
tenant
Electricity Bill:
tenant
Approx. Total Expense:
25900.00
Approx. Total Income:
100,800.00
6 fridges and 6 stoves
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Ski Hill, Marina, Place of Worship, Beach
Data was last updated May 14, 2026 at 09:20 AM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$299,000
Min list price:
$74,900
Max list price:
$2,100,000
Avg days on market:
42
Min days on market:
6
Max days on market:
533
These statistics are generated based on the current listing's property type
and located in
Cape Breton. Average values are
derived using median calculations. This data is not produced by
the MLS® system.