About this home

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:63626)

Listed by: Kevin Scott, Royal LePage Atlantic (New Minas)

Home facts and features

Price details

List Price

$495,000

Home facts

Bedrooms

Full Bathrooms

Parking Details

Gravel, Parking Space(s)

Property Type

Multifamily

Lot Size

13455 ft²

Depth

Year Built

Built in 1910 (116 yrs old)

Title

Freehold

Exterior Finish

Vinyl

Heating Type

Heat Pump, Baseboard heaters, Electric, Ductless

Basement Details

Unfinished, Full

Appliances

Dryer, Gas stove(s), Refrigerator, Washer

Agent details

Primary Agent

Kevin Scott

Primary Broker

Royal LePage Atlantic (New Minas)

Listing details

Days on REW

19 Days

MLS® Number

202620033

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 83km

St. Martins 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

Forest Hills School

n/a
K - 8
In Catchment

St. John The Baptist/King Edward School

n/a
K - 8
In Catchment

Bayview School

n/a
K - 5
In Catchment

Bayside Middle School

n/a
6 - 8
In Catchment

Prince Charles School

n/a
K - 8
In Catchment

525 Main StreetLawrencetown, NS, B0S 1M0