525 Main Street, Lawrencetown, NS B0S 1M0
- $495,000
- 8
- BD
- List Price
- $495,000
- Status
- ACTIVE
- MLS#
- 202620033
- Bedrooms
- 8
- Lot Size (Acres)
- 0.3089
Property Description
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. 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!
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Additional Information
- Area
- Annapolis Valley
- Foundation
- Concrete Perimeter, Stone
- Stories
- 2
- Community Features
- Golf, Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Marina, Place of Worship, Beach
- Basement
- Full, Unfinished
- Appliances
- Stove - Gas, Dryer, Washer, Refrigerator, Stove
- Flooring
- Ceramic Tile, Hardwood, Laminate, Linoleum
- Exterior Finish
- Vinyl Siding
- Parking Features
- Double, Gravel, Driveway, Parking Spaces(s)
- Parking Spaces
- 2
- Roof
- Asphalt
- Utilities
- Electricity Connected
- Water Source
- Municipal
- Sewer
- Municipal
- Elementary School
- Lawrencetown Consolidated School
- Middle School
- Bridgetown Regional Community School
- High School
- Bridgetown Regional Community School
- Appliances
- Stove - Gas, Dryer, Washer, Refrigerator, Stove
- Zoning
- R2
Mortgage Calculator
Listing courtesy of Royal LePage Atlantic (New Minas).