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222 George Street in Sydney: 201-Sydney Commercial (Cape Breton) : MLS®# 202111657

222 George Street Sydney B1P 1J3 : 201-Sydney

Main Photo: 222 George Street in Sydney: 201-Sydney Commercial  (Cape Breton)  : MLS®# 202111657
$495,000
Prop. Type:
Commercial
MLS® Num:
202111657
Status:
Active
Bus Major:
Educational
A professional three storey office building plus a 2 unit apartment building located side by side in the heart of downtown Sydney and directly on a bus route. The main building at 222 George has amenities over the three floors including washrooms and kitchen facilities. The building is set up in such a way that you could have one user or multiple users over the 3 floors. The building has been well maintained over the years and considered to be in a move-in condition. There are several offices over the three floors with a mix of private offices, shared offices and open concept offices with work stations. The heating system is a blend of oil hot water and electric baseboard heaters. As a special bonus and included in the price is the over/under duplex containing two 2 bedroom self contained units bringing in a net income of approx.$14,000. per year.
Listing Sub-Area:
201-Sydney
Property Type:
Commercial
Commercial Type:
Other
Major Bus Type:
Educational, Office, Residential Units
Title To Land:
Freehold
Year built:
1904 (Age: 117)
Age:
117
Main Living Area:
Switch units of measure3,020 sq. ft.
Floor Area:
Switch units of measure8,976 sq. ft.
Building Dimenions:
Build 1=88x34 Build 2=27x23
Prop Size:
Under 0.5 Acres
Lot Details:
11726 sq.ft.
Outside Dimenions:
88x34
Zoning:
NEDF
Construction:
Wood Frame
Parking:
Yes
Driveway:
Multiple Driveways, Paved
Garage Description:
none
Parking Description:
Loads of paved parking rear and side of building
# Floors:
3
Floor Finish:
Wood
Roof:
Other
Heating:
Baseboard, Furnace, Hot Water
Fuel:
Electric, Oil
Fire Protection:
Alarm, Hydrant, Smoke Detector
Water Supply:
Municipal
Utilities:
Electrical, Municipal Water, Sewer, Telephone
Wheelchair Accessible
Cleared, Public Transportation, Shopping Nearby, Visual Exposure, High Traffic Location
Living Accommodations, Security System
All fixed equipment.
All office furnishings of owners and all equipment in "Server Room" to be excluded.
Furnace
No
Three (3) PIDs
Assessment:
307000.0
Assessment Year:
2021
Rental Income:
Yes
Net Income:
14000
Gross Revenue:
22200
Betterment Charges:
none
Total Expenses:
8200 approx.
Property Taxes Payer:
Owner
Heating Payer:
Owner
Hydro Payer:
Owner
Water Payer:
Owner
Insurance Payer:
Owner
Structural Maintenance Payer:
Owner
Exterior Maintenance Payer:
Owner
Interior Maintenance Payer:
Owner
Lease 1 - Type:
# Residential Units
Lease 1 - Expiration Date:
Month - Month
Lease 1 - Occupant:
Tenant
Lease 1 - Rental Rate:
950
Lease 2 - Type:
# Residential Units
Lease 2 - Expiration Date:
Month - Month
Lease 2 - Occupant:
Tenant
Lease 2 - Rental Rate:
950
Possession Info:
TBN
Listed Date:
May 13, 2021
Days on Mkt:
41
Data was last updated June 23, 2021 at 01:20 AM (UTC)