NS
Annapolis
Lawrencetown
B0S 1M0
525 Main Street
525 Main Street, Lawrencetown, NS B0S 1M0
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Listing Type
Multi Family
Listing Status
Active
49
$495,000

Home Details for 525 Main Street

Price
$495,000
Type
Residential Income
Bedrooms
8
Lot size acres
0.3089
County
Annapolis
Basement
Full, Unfinished
Days on site
19
MLS Listing#
202620033
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. 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!

Property Features
  • Heating Information
    • Baseboard
    • Ductless
  • Parking
    • Gravel
    • Driveway
  • Basement
    • Full
    • Unfinished
  • Cooling Information
    • Ductless
  • Water Features
    • Public
  • Utilities
    • Electricity Connected
School Information
School Information for 525 Main Street, Lawrencetown, NS B0S 1M0
Elementary School
Lawrencetown Consolidated School
Middle School
Bridgetown Regional Community School
High School
Bridgetown Regional Community School
Listing Courtesy: Royal LePage Atlantic (New Minas)
NSAR IDX Reciprocity listings are displayed in accordance with NSAR's IDX Agreements and property information is provided under copyright © by the Nova Scotia Association of REALTORS® The above information is from sources deemed reliable but it should not be relied upon without independent verification.
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Nova Scotia AOR.
EXIT REALTY INTER LAKE
271 North Street, Bridgewater, NS B4V 2V7
Office
902 543 7642
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