For Sale: 540 Main Street, Lawrencetown, NS

About this home

Income property and equity-building opportunity in picturesque Lawrencetown: a beautifully maintained two-storey century home thoughtfully converted to a seven-unit residential suite home with furnished, move-in-ready accommodations for mature tenants on fixed-term leases. With approximately $65,700 gross potential annual income and a stable, professionally managed tenant base drawn from nearby College of Geographic Sciences and the local mature community, this property offers the rare advantage of letting others pay your mortgage while you build equity and create meaningful housing solutions in Nova Scotia. The home features five bathrooms (three with ensuites), all units sharing a common kitchen facility, and recently upgraded infrastructure that speaks to quality and longevity: roof (2025), fresh exterior paint and siding, 200-amp electrical panel, and water heaters (2024). Full municipal water and sewer. A ground-level eighth suite could very easily be created if desired, offering upside potential for income expansion. The exceptional 0.31-acre riverfront lot borders the serene Annapolis River with a peaceful sitting area overlooking the water-a rare amenity in multi-unit investments and a valued retreat for tenants and owners alike. The building's solid construction and excellent overall condition mean it could easily revert to single-family use, adapt to alternative income models, or serve multiple families sharing expenses-depending entirely on your vision. WETT-certified wood stove insert provides supplemental heating. All appliances and nearly all furnishings remain with the property, ensuring ease of consistent occupancy and turnover. Whether you are seeking to enter the income property market, expand an existing portfolio, or address the housing demands facing the Valley, this property delivers reliable returns, professional operations, and the satisfaction of providing quality housing to those in genuine need of stable accommodation. A rare find! (id:63626)

Listed by: Colin Crowell, RE/MAX Banner Real Estate(Greenwood)

Home facts and features

Price details

List Price

$424,500

Home facts

Bedrooms

Full Bathrooms

Parking Details

Gravel, Parking Space(s)

Property Type

Multifamily

Lot Size

13560 ft²

Depth

Year Built

Built in 1907 (119 yrs old)

Title

Freehold

Exterior Finish

Vinyl, Wood siding

Heating Type

Heat Pump, Baseboard heaters, Forced air, Oil, Electric, Ductless

Cooling

Air Conditioned

Basement Details

Unfinished, Full

Appliances

Dishwasher, Refrigerator, Stove

Agent details

Primary Agent

Colin Crowell

Primary Broker

RE/MAX Banner Real Estate(Greenwood)

Listing details

Days on REW

5 Days

MLS® Number

202615297

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

540 Main StreetLawrencetown, NS, B0S 1M0