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Residential Income For Sale

0.12 Acre - 24- 26 Glebe Street, Sydney, NS B1P 1S2

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Property Description

Strategic Investment Opportunity – High-Potential Fourplex– Each unit is so large it could be converted into 8 units. This income-producing fourplex, ideally located in the heart of Sydney, presents an exceptional opportunity for investors seeking both immediate cash flow and long-term upside. The property currently generates $2,000 per month from two tenanted units, with utilities included. The remaining two main-level units are vacant, offering immediate potential to increase income through new leases or renovation. Oversized apartments could easily be converted from 4 units to 8 units. Each of the four units is generously sized, and one has already undergone partial renovations. The layout and scale of the building present a rare opportunity to convert the existing four units into eight , significantly boosting rental revenue. Major systems have been updated, including a fiberglass oil tank, furnace, and roof—each approximately 10 years old. The building is heated with oil hot water, several windows have been upgraded, and there is a full basement with partial ceiling height for additional storage or utility use. Each unit has a separate electric panel and the tenant could be paying their own electrical. Five meters including one house meter. The property is ideally situated near downtown Sydney, with easy access to public transit, parks, shopping, and the university—making it highly attractive to both student and professional tenants. Whether you’re a seasoned investor looking to reposition and scale an asset, or entering the market with a property that offers strong fundamentals, this fourplex delivers on location, size, and future potential. It’s a rare opportunity to acquire a well-located, high-upside building in one of Sydney’s most desirable areas for rentals

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 202515195
Price : C$389000
Bedrooms : 12
Year Built : 1915
Lot Area : 0.12 Acre
Status : Active
Listing Status : ACTIVE
Property Sub Type : Quadruplex
Roof : Other
Features
Heating System : Furnace
Basement : Full, Unfinished
Parking : Gravel
Sewer : Municipal
Flooring : Carpet, Laminate, Tile
Appliances
Appliances : Refrigerator, Stove
Address Map
Location Text : 24- 26 Glebe Street, Sydney, NS B1P 1S2
County : Cape Breton
City : Sydney
Postal Code : B1P 1S2
Street : Glebe
Street Number : 24- 26
Street Suffix : Street
Longitude : W61° 48' 25.5''
Latitude : N46° 8' 32.9''
Directions : Dorchester to Glebe
Mls Area Major : 201-Sydney
Zoning : R
Neighborhood
High School : Sydney Academy
Property Details
Price Per SQFT : $ 0
Search Price : $ 0
Office Name : EXP Realty of Canada Inc.
Agent Name : Cheryl Vickers
Sales History
Previous Price : $ 0
Original Price : $ 0
Selling Price : $ 0
Neighborhood Details
:
Additional Information
Water Source : Municipal
Number Of Units Total : 4
Lot Features : Under 0.5 Acres
Foundation Details : Concrete Perimeter
Construction Materials : Aluminum Siding
Community Features : Park, Playground, Shopping, Place of Worship, Ski Hill, Near Public Transport
Listing Information
List Agent Mls Id : N60326
List Office Mls Id : N19025
Mls Status : ACTIVE
Modification Timestamp : 2025-06-20T19:50:18Z
Originating System Name : NSAR
Residential Income For Sale
  • Listing ID : 202515195
  • Bedrooms : 12
  • Lot Area : 0.12 Acre
  • Visits : 18 in 17 days
C$389000
Agent info
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