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Kevin Lal

kevinlaltherealtor@gmail.com +1(778) 242-6309

$ 495,000

Est. payment | -/mo

0.31 Acres Lot

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$ 495,000

Est. payment | -/mo

Save Virtual Tour

0.31 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Lawrencetown

MLS® Listing ID 202620033

Lot Size 0.309 Acres

Acres 0.3089

Property Sub-Type Freehold

Property Description

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! (id:24570)

Location

Province NS

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters, Heat Pump, Ductless,

Flooring Ceramic Tile, Hardwood, Laminate, Linoleum

Exterior

Parking Features No

Community Features Recreational Facilities, School Bus

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Sewer Municipal sewage system

Others

Ownership Freehold

Virtual Tour https://www.dropbox.com/scl/fi/q33reyzplmn7reu6m8h94/525-Main-Street-Lawrencetown-NS-B0S-1M0-SMT-Realtor-Clean-Bandit-Solo-feat-Demi-Lovato.mp4?rlkey=nn6rkt4bb5mgr462d68707qmq&st=hy9ql6qq&dl=0

Listed by Royal LePage Atlantic (New Minas)

+1(778) 242-6309

kevinlaltherealtor@gmail.com

#200 - 7404 King George Blvd, Surrey, BC, V3W 1N6, CAN

525 Main Street Lawrencetown, NS B0S1M0

Kevin Lal

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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525 Main Street