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16, Karl's Lane
203-Glace Bay Glace Bay B1A 6Y7

$1,195,000
Multi-Family built: 19

Main Photo: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 1: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 2: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 3: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 4: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 5: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 6: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
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Photo 17: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 18: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
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Photo 20: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
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Photo 22: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 23: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 24: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 25: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
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Photo 30: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 31: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 32: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 33: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 34: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 35: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 36: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 37: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 38: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 39: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 40: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 41: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 42: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 43: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 44: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 45: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 46: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 47: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 48: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 49: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Photo 50: 16, Karl's Lane in Glace Bay: 203-Glace Bay Multi-Family for sale (Cape Breton)  : MLS®# 202413713
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202413713
Year Built:
19
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 Sub-Area:
203-Glace Bay
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
28 x 28 and 28 x 56
Lot Size:
1.133 acre(s)
Prop Size:
0.5 to 0.99 Acres
# of Rental Units / Occupied:
6
Year built:
19 (Age: 2,005)
Age:
2005
Exterior Finish:
Vinyl
Foundation:
Concrete
New Constr.:
No
Basement:
Crawl Space
Floor Finish:
Ceramic, Hardwood, Laminate
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Parking Description:
Paved Driveway each building
Driveway:
Multiple Driveways, Paved
Water Supply:
Municipal
Water And Sewage:
1785.00
Sewer:
Municipal
Num Units:
6
Num 2 Bed Units:
5
Num 3 Bed Units:
1
# Of Fridges:
6
# Of Stoves:
6
Rental Income:
Yes, 77,100.00
Approx. Net Income:
64,474.69
Insurance Expense:
4,308.00
Taxes Costs:
6,532.31
Heating Bill:
Tenant
Electricity Bill:
Tenant
Approx. Total Income:
77,100.00
6 fridges and 6 stoves
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Ski Hill, Marina, Place of Worship, Beach
Stove, Refrigerator
None
Shed
No
Zoning:
UR2 Low Density Urban Residential
Elementary School:
Glace Bay Elementary School
Middle School:
Oceanview Education Centre
High School:
Glace Bay High School
Possession Info:
TBD
Listed Date:
Days on Mkt:
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Listed by Cape Breton Realty
Data was last updated July 1, 2024 at 01:20 AM (UTC)
Area Statistics
Listings on market:
41
Avg list price:
$280,000
Min list price:
$89,900
Max list price:
$2,350,000
Avg days on market:
31
Min days on market:
3
Max days on market:
297
These statistics are generated based on the current listing's property type and located in Cape Breton. Average values are derived using median calculations.