53-55-57 Forrest Street, Sydney Mines, (MLS® 202528551) REMAX NOVA
Google Play iOS Google Play iOS

53-55-57 Forrest Street, Sydney Mines

$179,000 Pending

Description

Investor Alert! Whether you’re just starting your rental portfolio or expanding it, this income-producing triplex in a great Sydney Mines location is one to consider. The building offers two one-bedroom units both on the upper level, and a spacious three-bedroom, two-bathroom unit on the lower level, which has been recently updated with newer bathroom flooring, a refreshed vanity/sink, and was updated with some mudding and paint. This apartment is clean, fresh and move in ready for the next tenants! The property has also seen significant exterior improvements, including partial roof replacement, all-newer siding with level wall insulation, and a new back stairway and patio completed, all done in October 2025. A sump pump is in place in the basement for added peace of mind. Each unit is separately metered, with tenants paying their own heat and electricity. The owner currently pays water and property taxes. The basement offers a designated laundry area, ideal for installing coin-operated machines to generate additional income. A few minor renovations and exterior clean-up items are still in progress. Conveniently located right behind the police station, this property presents a strong investment opportunity with excellent rental potential. A promising addition to any investment portfolio!

Listing Details

Address
53-55-57 Forrest Street, Sydney Mines, B1V 2B2

Status
PENDING
Listing Price
$179,000
MLS®
202528551
Type
n/a
Style
---
PID
15167935

Water
Municipal
Sewer
Municipal
Utilities
---

Building Specifications

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

Looking for a Mortgage? Get Your Free Quote Started Today!

Garage & Parking

Garage
N
Details
---

Inclusions & Exclusions

Inclusions
All appliances
Exclusions
concrete blocks in basement

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

616

Median Age

47.4

Avg Household Size

2.4

Avg House Income

$73K

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 $121,000 ---
2023 $114,100 ---
2022 $100,000 ---
2021 $97,600 ---
2020 $98,900 ---
2019 $96,500 ---
2018 $94,900 ---
2017 $104,200 ---
2016 $104,200 ---
2015 $98,900 ---
2014 $193,800 ---
2013 $92,400 ---
2012 $89,200 ---

Maps

Mortgage Inquiries

Last Updated On: 11/29/2025 1:57:54 PM (UTC)