For Sale: 42 Cornwall Road, Blockhouse, NS

About this home

INVESTMENT OPPORTUNITY FULLY RENOVATED LEGAL TRIPLEX WITH EXPANSION POTENTIAL NEAR MAHONE BAY Potential Gross Income: Approximately $59,400/Year Rare opportunity to acquire a fully renovated legal triplex on Nova Scotia's highly desirable South Shore. Extensively rebuilt from the studs, this turnkey income property combines historic charm with modern systems, significantly reducing future capital expenditure concerns for investors. Situated on a 1.02-acre lot just minutes from Mahone Bay, Lunenburg, and the South Shore Adventure Trail, the property offers strong rental appeal in one of Nova Scotia's most sought-after regions. The building consists of three legal units: Unit 1: Spacious 4-bedroom, 2-bath owner's suite featuring an efficient heat pump system, in suite laundry, and excellent energy efficiency. Estimated market rent approximately $2,300/month. Unit 2: Private 1-bedroom, 1-bath suite with its own power meter, HVAC system, in suite laundry, and hot water tank. Currently rented. Unit 3: 1-bedroom plus den unit with dedicated heat pump, separate power meter, HVAC system, in suite laundry, and hot water tank. Currently rented. Current rental income is $2,650/month from the two occupied units, with total gross rental income potential of approximately $4,950/month ($59,400 annually) when all units are rented at market rates. Each unit benefits from separately metered electrical service and independent mechanical systems, simplifying management and tenant cost allocation. Adding further value, current zoning permits the construction of an additional unit, creating a rare opportunity to increase density and future revenue on the property. Air BNB potential in this area is massive which brings minimum 300-500$ per night/unit. Whether you are seeking cash-flowing multi asset, or a property with future development potential, this legal triplex offers flexibility, income, and long term upside in one of Nova scotia's strongest lifestyle market. (id:63626)

Listed by: Kiran Babu Mekala, Salesperson, Sutton Group Professional Realty

Home facts and features

Price details

List Price

$649,900

Home facts

Bedrooms

Full Bathrooms

Parking Details

Gravel

Property Type

Multifamily

Lot Size

1.02 acres

Depth

Title

Freehold

Exterior Finish

Vinyl

Heating Type

Heat Pump, Baseboard heaters, Electric, Wood, Ductless

Cooling

Air Conditioned

Appliances

Dishwasher, Dryer, Range - Electric, Refrigerator, Washer

Agent details

Primary Agent

Kiran Babu Mekala

Primary Broker

Sutton Group Professional Realty

Listing details

Days on REW

62 Days

MLS® Number

202611597

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 158km

St. Martins School

n/a
K - 5
In Catchment

Riverside Consolidated School

n/a
K - 5
In Catchment

Loch Lomond School

n/a
K - 5
In Catchment

Champlain Heights School

n/a
K - 5
In Catchment

Simonds High School

n/a
9 - 12
In Catchment

Lakewood Heights School

n/a
K - 5
In Catchment

St. John The Baptist/King Edward School

n/a
K - 8
In Catchment

Bayview School

n/a
K - 5
In Catchment

Forest Hills School

n/a
K - 8
In Catchment

Bayside Middle School

n/a
6 - 8
In Catchment

42 Cornwall RoadBlockhouse, NS, B0J 2E0