470-474 Main Street (MLS® 202316643)

Lawrencetown, NS, B0S 1M0

Summary

MLS ®:
 202316643
Price:
 $550,000
Status:
 Active
District:
 DIANN
Zoning:
 General
Property Type:
 5-8 Units
Title To Land:
 Freehold
Waterfront:
 River

Income

Approx. Net Income:
 40507.16
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 26008.84
Maintenance Expense:
 1499.1
Snow & Garbage Expense:
 600.74
Water & Sewage Expense:
 1113.32
Insurance Expense:
 3892
Tax Costs:
 4969
Electricity Bill:
 4970.10
Heating Bill:
 8964.27
Expense Details:
Call 902-499-7886

Property Overview

470-474 Main Street, Lawrencetown (MLS® 202316643): Recently restored and kept in excellent condition, this 8-unit residential income property sits in a great location at the heart of Nova Scotia's fast-growing Annapolis Valley. Nearby NSCC-COGS geographic sciences campus attracts mature students from all over the world. This is an excellent opportunity for an investor to reap the immediate rewards of a low-maintenance, easy-to-rent property. Main building consists of 6 units (4 ground-level, 2 upper-level); four are 1-bedroom, two are 2-bedroom. Back building consists of 2 units (1 ground level, 1 bedroom + 1 split-level, 1+1 bedroom). Excellent income and strong capitalization rate. Recent windows, siding, roof, flooring, paint; you name it, it's done. Lots of parking. Access to public transport, high-speed internet. This property uniquely features frontage on the Annapolis River, a big bonus for potential future development. Priced to sell; qualified buyers should contact for financials and additional information. Don't sleep on this one!

Listing Courtesy of: RE/MAX Banner Real Estate

Directions

From Highway 101, Exit 19: South on Elliott Road to Highway 1 (Main St.), East to Civic/Sign (in Town centre)

Building Specs.

Building Dimensions:
Irregular
Foundation Type:
Concrete, Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Carpet, Hardwood, Laminate, Tile, Vinyl
Heating & Cooling:
Baseboard, Hot Water
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Driveway/Parking:
Circular, Gravel

Features

See Remarks

Community Features

Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship

Rental Equipment

None

Map

Contact Agent