9459 Highway 3 (MLS® 202401594)

Maders Cove, NS, B0J 2E0

Summary

MLS ®:
 202401594
Price:
 $369,900
Status:
 Pending
District:
 DILUN
Zoning:
 Rural High
Property Type:
 Duplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 36000
Approx. Net Income:
 28000
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 8000
Maintenance Expense:
 2400
Snow & Garbage Expense:
 1200
Insurance Expense:
 3200
Tax Costs:
 1200
Expense Details:
Call 902-499-7886

Property Overview

9459 Highway 3, Maders Cove (MLS® 202401594): Originally a school house then later a tea room until converted to a home late 1900's. The house recently went through a major renovation which included a back to the studs renovation on the second floor, plus the addition of new insulation, two new electrical services, new plumbing, new wiring, new light fixtures, new flooring, new drywall and paint, custom kitchen, new bathroom, new windows, new doors, two new outside entrances and more. The upstairs is currently owner occupied but would rent for 2000/month plus utilities. The current rent amounts would support the asking price at a 7% cap rate. Would also make an excellent owner occupied rental ideal for a single,couple or family starting out. Rare opportunity to purchase real estate under 400k in the Mahone Bay/Maders Cove area. Complimented with parking for 4-5 cars would make an ideal location for Airbnb which would further increase the revenue potential. Enjoy low taxes but very close to Mahone Bay and only 6-8 min from Lunenburg. Recent other upgrades include pressure tank, two new hot water heaters, water treatment system and more.

Listing Courtesy of: Royal Lepage Atlantic (Mahone Bay)

Directions

Mahone Bay to highway 3, to Maders Cove (do not turn on Maders Cove road, take highway 3 towards Lunenburg

Building Specs.

Building Dimensions:
38 x 27
Foundation Type:
Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Laminate
Heating & Cooling:
Baseboard
Water:
Well
Sewage:
Septic
Title:
Freehold

Garage & Parking

Garage:
No
Driveway/Parking:
Parking Spaces(s), Paved

Features

Apt Non-Conforming, Balcony, Secondary Suite, Sump Pump

Community Features

Public Transit, School Bus Service, Marina, Place of Worship, Beach

Inclusions

Appliances

Exclusions

Ladders on property and contents of shed

Rental Equipment

None

Map

Contact Agent


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