Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
- Basement
- Unfinished, Full
- Year Built
- 1910
+44 more
0.309 ac
Lot
1910
Year Built
Property Snapshot
Key details for this listing
MLS #202620033
Lot
Land, frontage and setting
- Lot
- 0.309 ac - 0.3089
About This Property
This multi-family in Lawrencetown offers a 0.309 ac lot. Built in 1910. The property has lot dimensions of 0.3089. The home features hardwood and laminate and ceramic tile and linoleum flooring, heat pump, baseboard heaters, electric, ductless heating, a unfinished, full basement.
MLS Remarks
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:60351)
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