9691 Main Street (MLS® 202400955)

Canning, NS, B0P 1H0

Summary

MLS ®:
 202400955
Price:
 $685,000
Status:
 Active
District:
 DIKIN
Zoning:
 C3+ESA+01
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 7236.5
Approx. Net Income:
 3773.5
Laundry Income:
 0
Other Income:
 0
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 3463
Maintenance Expense:
 475
Management Expense:
 400 (super)
Water & Sewage Expense:
 118
Insurance Expense:
 320
Tax Costs:
 670
Heating Bill:
 1480
Expense Details:
Call 902-499-7886

Property Overview

9691 Main Street, Canning (MLS® 202400955): Only a few minutes walk to amenities, this well-established all inclusive 6-unit rental complex never sees a vacancy. There are 3 two-bedroom units and 3 one-bedroom units varying in size from 818 sq. ft to as large as 1,155 sq. ft. The total square footage of living space is approx. 5,565. All units are equipped with a fridge, stove, laundry facilities and ample parking. The property has been well maintained by the current owners over the last 13 years. Unit #3 has just had a new shower surround installed. New roof shingles were added in 2021. The property rests on 1.94 acres of land zoned C3, ESA and O1 and does have the potential of being subdivided to add more rental units to a developer’s portfolio. This listing is complete with accompanying documents. At this list price, the cap rate is 6.61%. The property is heated electrically with baseboard heaters throughout.

Listing Courtesy of: Royal LePage Atlantic (New Minas)

Directions

From Highway 101 take exit 11, turn North on Highway 358 and continue for 11kms (10 mins) to intersection of 358 & Main

Building Specs.

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

Garage & Parking

Garage:
No
Parking:
Large parking area
Driveway/Parking:
Circular, Dirt, Gravel, Parking Spaces(s)

Community Features

Golf Course, Park, Playground, School Bus Service, Shopping, Place of Worship, Beach

Schools

Elem. School: Glooscap Elementary School
Mid. School: Northeast Kings Education Centre
High School: Northeast Kings Education Centre

Inclusions

Fridge & Stove x 5, Washer & Dryers x6

Exclusions

Fridge and stove in unit 5

Rental Equipment

None

Map

Contact Agent


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