269 Onslow Road (MLS® 202411821)

Upper Onslow, NS, B6L 5K8

Summary

MLS ®:
 202411821
Price:
 $385,000
Status:
 Active
District:
 104
Zoning:
 R-2
Property Type:
 Duplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 42000
Approx. Net Income:
 37000
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 5000
Maintenance Expense:
 500
Snow & Garbage Expense:
 400
Insurance Expense:
 1900
Tax Costs:
 2200
Expense Details:
Call 902-499-7886

Property Overview

269 Onslow Road, Upper Onslow (MLS® 202411821): Huge Investment Property Potential; this is a gold mine for a duplex! Currently grossing $42,000 annually with fixed term renters means you could continue to have tenants here generating fantastic cash flow, or choose to live in one unit and rent out the other to cover part of your mortgage.Welcome to your next new project at 269 Onslow Road, your newest addition to your real estate portfolio! This Duplex has great income with newer features that makes this opportunity shine. Over the last 2 years there's been an entire second storey added to this building turning it into the duplex you see today! There's been plenty of upgrades to the main floor while the 2nd floor was being built such as all electric heat, newer windows and more. The income makes this building appealing, having both current market value rents and grossing a great amount of income annually with the 2024 expenses being low as the property has been renovated and the existing tenants pay heat, lights and currently even take care of the lawn! This is definitely a property to consider yourself owning to either start your real estate portfolio! The garage needs work but even has more cash flow potential as you could restore it and renovated for storage units for the tenants to increase unit value or could rent month to month. You're minutes away from the 102 Hwy being on Trunk 2, leading right into Truro for all your amenities and needs. At the buyers discretion and due diligence, there could even be potential to add two more units through a site plan application to the county (this is at the buyers due diligence.) The garage is going to be removed prior to closing at the seller's expense, leaving you more room to possibly use for parking or potentially anything else you may be interested in. Check this one out!

Listing Courtesy of: RE/MAX Fairlane Realty

Directions

Turn off the 102 Highway at the Nissan Dealership. Take a right and see 269 Onslow Road after driving 2 minutes.

Building Specs.

Building Dimensions:
27X37
Foundation Type:
Concrete
Roof Material:
Metal
Exterior Finish:
Vinyl
Flooring Type:
Hardwood, Vinyl
Heating & Cooling:
Baseboard, Heat Pump -Ductless
Water:
Drilled Well
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
Yes
Garage Details:
Garage is as is where is, in rough condition.
Parking:
Paved
Driveway/Parking:
Paved

Features

See Remarks

Community Features

Park, Place of Worship, Playground, Recreation Center, School Bus Service, Shopping, Ski Hill

Schools

Elem. School: Bible Hill Central Elementary School
Mid. School: Central Colchester Junior High School
High School: Cobequid Educational Centre

Rental Equipment

None

Map

Contact Agent


Similar Properties