Commission Street

Description

Secure a stable, cash-flowing asset in the heart of Sandy Point. This unique investment opportunity offers two acquisition packages as one, each featuring freehold, non-zoned properties with a proven history of success. Expands on Package 1 by adding three additional lots, totalling 8 units across 1.14 acres, comprising 21 bedrooms and 11 bathrooms. Meticulously maintained by the same ownership since 1996, the property has undergone significant improvements including updated roofs, siding, decks, and interiors, ensuring lasting appeal. With a consistent 96% average annual occupancy rate and month-to-month flexibility, these units offer immediate, reliable returns. Located just 650m from the Roseway Hospital and NSCC Shelburne Campus, the property is perfectly positioned for young professionals. With pro-growth municipal support and flexible, non-defined zoning, this is an ideal site for either ongoing rental operations or future development. (id:56844)

Listing

MLS® number

202620794

Status

Active

Days On Market

75

Building

Type

Apartment

Year built

1992

Foundation

Concrete Perimeter

Basement

None

Interior

Flooring

Laminate, Other, Vinyl, Vinyl Plank

Heating

Baseboard heaters, Electric

Appliances

Refrigerator, Stove

Land

Lot size

1.15 acres

Exterior features

Vinyl, Other

Parking

Type

Paved Yard, Gravel

Utilities

Water

Municipal water

Sewer

Municipal sewage system

Fees and taxes

Common interest

Freehold

Parcel number

80154453

Directions

Take HWY 103 Westbound and exit on Woodlawn Dr. Follow this onto King St and turn South on Hammonds St. Follow Hammonds until Sandy Point Rd. and then turn East onto Commission St.