$589,900
33 Inverness Street
Beds
—
Baths
—
Sqft
—
Year
1912
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
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. Dont miss your chance to invest in a property thats not just a building, but a gateway to a thriving lifestyle. Invest in your future with this prime real estate opportunity. (id:65958)
- Subtype
- Multi-family
- Structure
- Apartment
- Community
- Sydney
- Common interest
- Freehold
- Lot size
- 0.2 acres
- Lot dimensions
- 0.1973
- On market
- Apr 15, 2026
- Status changed
- Apr 15, 2026
- Photos
- 29
- MLS#
- 202607486
- Area
- SYDNEY
Features and systems
Parking
Basement
Exterior
Flooring
Foundation
Community
Cash on cash
-12.01%
Cap rate
3.49%
GRM
16.7
Break-even rent
$4,193
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Sydney. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.