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Ted Misztela

tadvesz@icloud.com +1(902) 489-4559

Listed by Kiran Babu Mekala • Sutton Group Professional Realty

$849,900

Est. payment - /mo

6 Beds

1.02 Acres Lot

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Open House

Sun Jun 14, 2:00pm - 4:00pm

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202611597

Bedrooms 6

HOA Y/N No

Year Built 1801

Lot Size 1.020 Acres

Acres 1.02

Property Sub-Type Triplex

Source Nova Scotia

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.

Location

Province NS

County Lunenburg

Area 405-Lunenburg County

Zoning RES

Region South Shore

City Region South Shore

Rooms

Basement Unfinished, Walk-Out Access

Bedroom 2 $1755 /Year

Kitchen $2789 /Year

Interior

Interior Features Storage

Heating Baseboard, Fireplace(s), Ductless

Cooling Air Conditioning

Flooring Hardwood, Tile, Vinyl

Inclusions Appliances In All 3 Units

Equipment No Rental Equipment

Fireplace Yes

Appliance Electric Range, Dishwasher, Dryer, Washer, Refrigerator, Stove

Basement Type Unfinished,Walk-Out Access

Exterior

Community Features Park, Playground, Recreation Center, Shopping, Beach

Utilities Available Power, Phone Connected, Electricity Connected

View Y/N No

Roof Type Metal

Garage No

Private Pool No

Parking Type Gravel

Building

Lot Description 1 to 2.99 Acres

Foundation Concrete Perimeter, Stone

Sewer Septic Tank

Water Drilled Well

New Construction No

Schools

Elementary Schools Bayview Community School

Middle Schools Bayview Community School

High Schools Park View Education Centre

Others

Ownership Freehold

ParcelsYN No

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Nearby Locations

Ted Misztela

+1(902) 489-4559 | tadvesz@icloud.com

42 Cornwall Rd Blockhouse, NS B0J 2E0

Ted Misztela

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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