INVESTORS ALERT - 10 Bedrooms in this professionally managed Student Rental. Want cashflow? Look no further, gross rents in 2024 have averaged $ 81,982 /year. The property is fully rented, comes furnished and is very well maintained. Proximity to Downtown Sydney and the NSCC Waterfront Campus (only a 4 min drive or 6 min bike ride away!) make this property a REAL WINNER. Some other great features are: (1) The open, spacious common areas, the large deck and the fully fenced back yard, this gives everyone a great place to relax. (2) The keyless locking system for the students that forget their keys. (3) The front porch is separated from the main foyer, this reduces heat loss, meaning lower utility bills for you. (3) The 3 piece washroom was divided in half so the shower is separate from the half bath, this is great for the tenants. (4) There is a common storage area and common laundry, so the tenants have everything they need to store their stuff. (5) Many updates to the property were completed in 2022, so the property is super fresh and ready for the next owners. This property is great for investors just getting started or those looking to add cashflow to their growing portfolio. Please allow 24-48 hours notice for full viewing. Common areas and exterior can be viewed by appointment between 9 and 5.
George St To Cromarty to South Bentinck St
Listing Sub-Area:
201-Sydney
Property Type:
Multi-Family
Multi-Family Type:
9 - 12 Unit
Title To Land:
Freehold
Building Dimenions:
33x28+21x12+11x4+4x9
Lot Size:
8,533 sq. ft.793 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
10
Year built:
1945
(Age: 80)
Age:
79
Exterior Finish:
Wood Siding
Foundation:
Block, Concrete
Basement:
Full, Fully Developed, Walkout
Floor Finish:
Ceramic, Hardwood, Softwood, Vinyl Plank
Roof:
Asphalt Shingle
Heating:
Baseboard, Furnace, Hot Water, Radiator
Fuel:
Electric, Oil
Parking:
Yes
Parking Description:
1 space paved
Driveway:
Paved, Single
Water Supply:
Municipal
Water And Sewage:
$838
Sewer:
Municipal
Num Units:
10
Num 1 Bed Units:
10
# Of Dishwashers:
1
# Of Dryers:
1
# Of Fridges:
2
# Of Stoves:
1
# Of Washers:
1
Rental Income:
Yes, 81982
Approx. Net Income:
$58,348
Insurance Expense:
$2,341
Taxes Costs:
$6,183
Heating Bill:
$6,418
Electricity Bill:
$7,854
Approx. Total Expense:
$23,634
Heat/Air Exchange, Laundry
Fridge x2, stove, washer, dryer, dishwasher
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship
Data was last updated March 31, 2025 at 01:20 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$320,000
Min list price:
$189,900
Max list price:
$489,000
Avg days on market:
73
Min days on market:
4
Max days on market:
153
These statistics are generated based on the current listing's property type
and located in
201-Sydney. Average values are
derived using median calculations.