499 Main Street (MLS® 202528060)

Mahone Bay, NS, B0J 2E0

Summary

MLS ®:
 202528060
Price:
 $649,900
Status:
 Active
District:
 DILUN
Zoning:
 Res/Com
Property Type:
 Triplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 51000
Approx. Net Income:
 41950
Income Details:
Call 902-499-7886

Expenses

Maintenance Expense:
 300
Water & Sewage Expense:
 Tenant
Insurance Expense:
 2300
Tax Costs:
 6450
Electricity Bill:
 Tenant
Heating Bill:
 Tenant
Expense Details:
Call 902-499-7886

Property Overview

499 Main Street, Mahone Bay (MLS® 202528060): This well-maintained triplex in the charming town of Mahone Bay presents an exceptional investment opportunity with flexible owner-occupancy options. The property features three distinct units: two on the ground floor (one 1-bedroom and one 2-bedroom unit, currently vacant) and a 2-bedroom unit upstairs, each equipped with separate electrical and water meters ensuring tenants pay their own utilities and minimizing landlord operating expenses. Located in one of Nova Scotia's most desirable coastal communities, the property offers walkable access to Mahone Bay's picturesque waterfront, unique shops, restaurants, and vibrant community events, making it highly attractive to both renters and potential owner-occupiers. The owner-occupancy option provides a compelling advantage, allowing you to live in one unit while generating rental income from the other two, effectively reducing your personal housing costs while maintaining hands-on property management and potentially qualifying for tax benefits. With stable rental demand driven by Mahone Bay's historically low vacancy rates, tenant-paid utilities, dedicated parking for all units, and strong potential for long-term appreciation in this thriving coastal market, this triplex represents a rare opportunity to establish yourself in a sought-after community while building equity through a sound real estate investment that offers both immediate cash flow and future growth potential.

Listing Courtesy of: Century 21 Optimum Realty

Directions

Main Street Mahone Bay next to the Town Hall

Building Specs.

Building Age:
130
Building Dimensions:
37 x 25
Foundation Type:
Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Laminate, Softwood
Heating & Cooling:
Baseboard
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Gravel
Driveway/Parking:
Gravel

Schools

Elem. School: Bluenose Academy
Mid. School: Bluenose Academy
High School: Bay View High School

Rental Equipment

None

Map

Contact Agent


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