NS
Blockhouse
B0J2E0
42 Cornwall Road
42 Cornwall Road, Blockhouse, NS B0J2E0
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Listing Type
Single Family
Listing Status
Active
49
$649,900

Home Details for 42 Cornwall Road

Price
$649,900
Type
Residential
Bedrooms
6
Total Bathrooms
4
Year built
1801
Lot size acres
1.02
Days on site
83
Listing #
202611600
Property Description

INVESTMENT OPPORTUNITY FULLY RENOVATED LEGAL TRIPLEX WITH EXPANSION POTENTIAL NEAR MAHONE BAY Potential Gross Income: Approximately $59,400/Year Rare opportunity to acquire a fully renovated legal triplex on Nova Scotia's highly desirable South Shore. Extensively rebuilt from the studs, this turnkey income property combines historic charm with modern systems, significantly reducing future capital expenditure concerns for investors. Situated on a 1.02-acre lot just minutes from Mahone Bay, Lunenburg, and the South Shore Adventure Trail, the property offers strong rental appeal in one of Nova Scotia's most sought-after regions. The building consists of three legal units: Unit 1: Spacious 4-bedroom, 2-bath owner's suite featuring an efficient heat pump system, in suite laundry, and excellent energy efficiency. Estimated market rent approximately $2,300/month. Unit 2: Private 1-bedroom, 1-bath suite with its own power meter, HVAC system, in suite laundry, and hot water tank. Currently rented. Unit 3: 1-bedroom plus den unit with dedicated heat pump, separate power meter, HVAC system, in suite laundry, and hot water tank. Currently rented. Current rental income is $2,650/month from the two occupied units, with total gross rental income potential of approximately $4,950/month ($59,400 annually) when all units are rented at market rates. Each unit benefits from separately metered electrical service and independent mechanical systems, simplifying management and tenant cost allocation. Adding further value, current zoning permits the construction of an additional unit, creating a rare opportunity to increase density and future revenue on the property. Air BNB potential in this area is massive which brings minimum 300-500$ per night/unit. Whether you are seeking cash-flowing multi asset, or a property with future development potential, this legal triplex offers flexibility, income, and long term upside in one of Nova scotia's strongest lifestyle market. (id:31684)

Property Features
  • Heating Information
    • Baseboard
    • Heat Pump
    • Electric
    • Wood
    • Ductless
  • Cooling Information
    • Heat Pump
Listing Courtesy: Sutton Group Professional Realty
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EXIT REALTY INTER LAKE
271 North Street, Bridgewater, NS B4V 2V7
Office
902 543 7642
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