16, Karl's Lane, Glace Bay, (MLS® 202413713) RE/MAX nova
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16, Karl's Lane, Glace Bay

0 0 0 sqft
$1,018,000 For Sale

Description

Investment Opportunity in Glace Bay: Fully Rented, Well-Maintained Duplexes Discover a prime investment opportunity in Glace Bay with this meticulously maintained set of duplexes. Six units, five currently rented to long-term senior tenants, ensuring a steady income stream. The larger unit will be vacant. These properties offer a blend of modern amenities and convenient features that make them highly attractive to both tenants and investors. Minutes from Dominion beach and Big Glace Bay beach. **Main Unit at 16 Karls: Large Family Room & Modern Garage** - The main unit boasts an impressive 28x30 add-on, large gathering room is south facing to capture sunlight from dawn till dusk with 3 oversized rooms. - Below, a newly spray-foam insulated 28x30 ft garage with a sleek epoxy floor, ideal for motorcycle and ATV enthusiasts or additional storage. **Comfort and Convenience** - Six dedicated paved driveways allow the option to rent units by the bedroom, maximizing cash flow potential. - A bus stop directly across the street and a short 13-minute drive to Cape Breton University enhance accessibility. - Children can easily commute to local schools. **Recent Upgrades and Enhancements** - New front steps and fully landscaped surroundings for each unit. - A brand-new firepit area for community gatherings. - A beautiful fenced-in backyard area at 16 Karls, perfect for young children and pets. - A concrete patio under the deck at 16 Karls for outdoor relaxation. **Storage Solutions** - Each unit comes with a dedicated storage unit. - The main unit at 16 Karls includes a new shed, ideal for storing a lawn tractor and gardening tools. **Community and Lifestyle** - Enjoy peace of mind with long-term, reliable tenants who value the well-maintained living spaces. Whether you're an investor looking to expand your portfolio or a homeowner seeking a multi-family property with income potential, these duplexes offer unmatched value in a thriving community. If 16 Karls

Listing Details

Address
16, Karl's Lane, Glace Bay, B1A 6Y7

Status
ACTIVE
Listing Price
$1,018,000
MLS®
202413713
Type
n/a
Style
---
Age
2005
PID
15818958

Water
Municipal
Sewer
Municipal
Utilities
---

Building Specifications

Foundation Type
Concrete
Roof
Asphalt Shingle
Exterior Finish
Vinyl
Flooring
Ceramic,Hardwood,Laminate

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Garage & Parking

Garage
N
Details
---

Inclusions & Exclusions

Inclusions
6 fridges and 6 stoves

Sales History

Demographic Data

Demographic data is based on the dissemination area that contains the listing parcel . Dissemination Areas are small areas composed of one or more neighbouring dissemination blocks. All of Canada is divided into dissemination areas. Data source: Environics Analytics via ArcGIS Online, 2021

Population Size

313

Median Age

49.4

Avg Household Size

2.2

Avg House Income

$72K

The number of people for each age range.

How the population of this area is expected to change.

The highest level of education obtained by people within this area.

The maritial status of the people in this area.

The average household income within this area.

The number of people that rent versus own.

When the buildings in the area were constructed.

The number of children at home for the given age ranges.

The occupations of the people living here.

Tax Assessment

Year Amount % Change
2024 $251,900 ---
2023 $214,400 ---
2022 $187,900 ---
2021 $176,800 ---
2020 $174,800 ---
2019 $179,000 ---
2018 $174,300 ---
2017 $171,000 ---
2016 $168,100 ---
2015 $160,100 ---
2014 $318,000 ---
2013 $147,700 ---
2012 $143,800 ---

Maps

Mortgage Inquiries

Last Updated On: 8/10/2024 12:15:57 PM (UTC)