525 Main Street (MLS® 202620033)

Lawrencetown, NS, B0S 1M0

Summary

MLS ®:
 202620033
Price:
 $495,000
Status:
 Active
District:
 DIANN
Zoning:
 R2
Property Type:
 Fourplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 55200
Approx. Net Income:
 43536
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 11664
Maintenance Expense:
 3864
Water & Sewage Expense:
 1200
Insurance Expense:
 3600
Tax Costs:
 3600
Expense Details:
Call 902-499-7886

Property Overview

525 Main Street, Lawrencetown (MLS® 202620033): Welcome to an exceptional income-generating opportunity in picturesque Lawrencetown, situated in the heart of Nova Scotia's vibrant Annapolis Valley. It is rare to find a multi-family property that cash flows this well, boasting a total gross yearly income of $55,200 against low operating expenses of $11,664, which delivers a fantastic Net Operating Income of $43,536. There are 4 separate meters at the property and each tenant pays for their own electricity. The heat source at the building is electric with a mix of ductless heat pumps for efficient winter heat and summertime cooling, convection heaters and electric baseboards. Meticulously maintained and having undergone extensive updates and renovations, this turnkey fourplex features a versatile unit mix consisting of one 3-bedroom unit, two 2-bedroom units, and one 1-bedroom unit. Two units have been beautifully refreshed and are completely move-in ready, intentionally kept vacant to allow a new owner the immediate opportunity to set market rents and place their own ideal tenants. Location is everything, and this building backs onto the scenic Rail Trail while sitting just a short walk from the Bees Knees General Store & Bakery Cafe and NSCC's Centre of Geographic Sciences (COGS). As Canada's largest geomatics-focused learning environment, COGS attracts students from around the globe to study land and ocean floor surveying and mapping, providing a steady stream of mature, reliable tenants alongside the local community. Positioned a convenient ten minutes in either direction from Middleton and Bridgetown for all everyday amenities, this investment allows you to let others pay your mortgage while you build valuable equity and provide quality housing solutions in Nova Scotia. Whether you are expanding an established portfolio or purchasing your first income property, this listing offers bulletproof cash flow, strategic positioning, and outstanding long-term value. Don't miss it!

Listing Courtesy of: Royal LePage Atlantic (New Minas)

Directions

Take Main Street (Highway 1) through Lawrencetown to civic #525. Watch for Kevin Scott Real Estate Team / Royal LePage Atlantic for sale sign.

Building Specs.

Building Age:
1910
Building Dimensions:
Irregular
Foundation Type:
Concrete, Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Ceramic, Hardwood, Laminate, Linoleum
Heating & Cooling:
Baseboard, Heat Pump -Ductless, Ductless Cooling
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Multiple parking spots for tenants and guests
Driveway/Parking:
Double, Gravel, Multiple Driveways, Parking Spaces(s)

Community Features

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

Schools

Elem. School: Lawrencetown Consolidated School
Mid. School: Bridgetown Regional Community School
High School: Bridgetown Regional Community School

Inclusions

Stove (x4), Fridge (x4), Washer (x2) & Dryer (x2)

Exclusions

Tenant owned portable washer in Apt. #2.

Rental Equipment

None

Map

Contact Agent


Similar Properties