REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ted Misztela

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

Listed by Tina Williamson • Royal Lepage Atlantic (Mahone Bay)

$725,000

Est. payment - /mo

5 Beds

0.28 Acres Lot

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202616313

Bedrooms 5

HOA Y/N No

Year Built 1999

Lot Size 0.281 Acres

Acres 0.2811

Property Sub-Type Multi Family

Source Nova Scotia

Property Description

An outstanding opportunity to acquire a high-performing waterfront investment property (10% Cap rate) offering stable cash flow, an exceptional location, and significant long-term upside. This well-maintained 6-7 unit mixed-use building occupies a premier waterfront setting with unobstructed ocean views while being just steps from shopping, restaurants, services, and public transit - an ideal combination that supports both commercial success and strong residential occupancy. The property is anchored by an established commercial tenant occupying both ground-floor units, providing dependable income and reducing leasing risk. Above, five spacious one-bedroom residential suites generate consistent rental revenue, with each waterfront-facing apartment featuring a private balcony overlooking the ocean - a highly sought-after amenity that encourages strong tenant demand, premium rents, and excellent tenant retention. Additional income generated through coin-operated laundry, while the on-site parking lot is a valuable asset that enhances convenience for both commercial and residential tenants. A live-in superintendent is currently in place and may be retained, offering seamless day-to-day property management for investors seeking a hands-off ownership experience. With its balanced mix of commercial and residential income this property offers diversification that helps reduce investment risk while benefiting from multiple revenue streams. Opportunities to acquire quality waterfront income properties of this calibre are increasingly rare, making this an ideal addition to an investment portfolio or a strategic long-term hold. A CAP reate of just over 10% is particularly attractive in today's market, reflecting strong cash flow relative to the purchase price and providing investors with an excellent balance of immediate income.

Location

Province NS

County Shelburne

Area 407-Shelburne County

Zoning Comm/Res

Region South Shore

Body of Water Atlantic Ocean

City Region South Shore

Rooms

Basement None

Bedroom 2 5775.40

Dining Room 94920

Kitchen 6000

Interior

Interior Features Storage

Heating Baseboard, Ductless

Flooring Carpet, Laminate, Tile

Equipment No Rental Equipment

Fireplace No

Appliance Stove, Refrigerator, Washer, Dryer

Laundry Laundry

Basement Type None

Exterior

Community Features Park, Playground, School Bus Service, Shopping, Marina, Place of Worship, Beach

Utilities Available Electricity Connected

Waterfront Description Ocean Front,Ocean Access,Salt Water

View Y/N Yes

View Ocean

Roof Type Asphalt

Porch Deck

Garage No

Private Pool No

Parking Type Parking Spaces(s),Paved

Building

Lot Description Under 0.5 Acres

Foundation Slab

Sewer Septic Tank

Water Drilled Well

New Construction No

Schools

Elementary Schools Forest Ridge Academy

Middle Schools Barrington Municipal High School

High Schools Barrington Municipal High School

Others

Ownership Freehold

ParcelsYN No

Read Less Info

Nearby Locations

Ted Misztela

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

42 Highway 330 Barrington Passage, NS B0W 1G0

Ted Misztela

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION