470-474 Main Street (MLS® 202401576)

Lawrencetown, NS, B0S 1M0

Summary

MLS ®:
 202401576
Price:
 $550,000
Status:
 Active
District:
 DIANN
Zoning:
 General
Property Type:
 5-8 Units
Title To Land:
 Freehold
Waterfront:
 River

Income

Approx. Total Income:
 71784
Approx. Net Income:
 45775.16
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 18687.27
Maintenance Expense:
 3230.44
Snow & Garbage Expense:
 284.62
Water & Sewage Expense:
 1081.42
Insurance Expense:
 3892.00
Tax Costs:
 5791.82
Electricity Bill:
 4595.44
Heating Bill:
 8467.62
Expense Details:
Call 902-499-7886

Property Overview

470-474 Main Street, Lawrencetown (MLS® 202401576): 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. Fibre internet in all units. 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, Place of Worship, Playground, Public Transit, Recreation Center, School Bus Service, Shopping

Rental Equipment

None

Map

Contact Agent


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