55 Charlotte Street, Sydney, (MLS® 202518778) REMAX NOVA
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55 Charlotte Street, Sydney

$799,000 For Sale

Description

Unlock a Premier Investment Opportunity in Sydney's Historic North End! Are you looking to expand your investment portfolio with a property that combines historical charm and modern upgrades? Look no further than this exceptional six-unit building located in the desirable North End of Sydney. This property presents a rare opportunity for investors seeking to capitalize on a thriving rental market. Prime Location: Nestled in the heart of Sydney’s Historic North End, this building is surrounded by vibrant amenities, cultural attractions, and convenient transport options. Its location not only appeals to tenants but also promises long-term appreciation in value. Over the years, this building has undergone numerous updates, ensuring that each unit is in excellent condition. Three of the units have been fully renovated, featuring modern finishes and efficient heat pump systems for year-round comfort. This enhances tenant appeal and guarantees consistent rental income. Strong Rental Demand: The North End is known for its attractive lifestyle, making it a hotspot for renters. With a mix of young professionals and families drawn to the area, you can expect high occupancy rates and the potential for rental growth. Opportunity for Additional Value: While three units are already fully renovated, the other three provide an excellent opportunity for further improvements. Investing in these units can significantly increase their rental potential, allowing you to maximize your return on investment. Stable Income Potential The six-unit setup provides a diversified income stream, reducing risks typically associated with single-family rentals. This building offers a blend of established and newly improved units, catering to a wide array of potential tenants.

Listing Details

Address
55 Charlotte Street, Sydney, B1P 1B8

Status
ACTIVE
Listing Price
$799,000
MLS®
202518778
Type
n/a
Style
---
PID
15054745

Water
Municipal
Sewer
Municipal
Utilities
---

Building Specifications

Foundation Type
Stone,Other
Roof
Asphalt Shingle
Exterior Finish
Vinyl
Flooring
Hardwood,Laminate,Vinyl,Other,Vinyl Plank

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Garage & Parking

Garage
N
Details
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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

534

Median Age

50.2

Avg Household Size

1.7

Avg House Income

$52K

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 $197,100 ---
2023 $171,800 ---
2022 $153,600 ---
2021 $131,900 ---
2020 $130,600 ---
2019 $116,400 ---
2018 $116,200 ---
2017 $108,600 ---
2016 $102,500 ---
2015 $100,600 ---
2014 $199,200 ---
2013 $95,800 ---
2012 $93,900 ---

Maps

Mortgage Inquiries

Last Updated On: 7/25/2025 7:07:12 PM (UTC)
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