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:4069)
Address
525 Main Street
List Price
$495,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
Nova Scotia
Sub-Area
Lawrencetown
Lot Size
0.3089 Sq. Ft.
MLS® Number
202620033
Listing Brokerage
Royal LePage Atlantic (New Minas)
Basement Area
Full (Unfinished)
Postal Code
B0S1M0
Ownership
Freehold
Site Influences
Golf Course, Park, Playground, Public Transit, Place of Worship, Beach
Community Features
Recreational Facilities, School Bus
Appliances
Gas stove(s), Dryer, Washer, Refrigerator
Heat Source
Electric
Heat Type
Baseboard heaters, Heat Pump, Ductless
Foundation Details
Concrete Perimeter, Stone
Other Structures
Shed
Water Source
Municipal water
Sewer
Municipal sewage system
