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Ted Misztela

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

Listed by Kevin Scott • Royal LePage Atlantic (New Minas)

$495,000

Est. payment - /mo

8 Beds

0.31 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202620033

Bedrooms 8

HOA Y/N No

Lot Size 0.309 Acres

Acres 0.3089

Property Sub-Type Quadruplex

Source Nova Scotia

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!

Location

Province NS

County Annapolis

Area Annapolis County

Zoning R2

Region Annapolis Valley

City Region Annapolis Valley

Rooms

Basement Full, Unfinished

Bedroom 2 3600

Dining Room 55200

Kitchen 3600

Interior

Heating Baseboard, Ductless

Cooling Ductless

Flooring Ceramic Tile, Hardwood, Laminate, Linoleum

Inclusions Stove (X4), Fridge (X4), Washer (X2) & Dryer (X2)

Equipment No Rental Equipment

Fireplace No

Appliance Stove - Gas, Dryer, Washer, Refrigerator, Stove

Basement Type Full,Unfinished

Exterior

Community Features Golf, Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Marina, Place of Worship, Beach

Utilities Available Electricity Connected

View Y/N No

Roof Type Asphalt

Porch Deck

Total Parking Spaces 2

Garage No

Private Pool No

Exclusions Tenant Owned Portable Washer In Apt. #2.

Parking Type Double,Gravel,Driveway,Parking Spaces(s)

Building

Lot Description Under 0.5 Acres

Story 2

Foundation Concrete Perimeter, Stone

Sewer Municipal

Water Municipal

New Construction No

Schools

Elementary Schools Lawrencetown Consolidated School

Middle Schools Bridgetown Regional Community School

High Schools Bridgetown Regional Community School

Others

Ownership Freehold

ParcelsYN No

Virtual Tour https://www.dropbox.com/scl/fi/q33reyzplmn7reu6m8h94/525-Main-Street-Lawrencetown-NS-B0S-1M0-SMT-Realtor-Clean-Bandit-Solo-feat-Demi-Lovato.mp4?rlkey=nn6rkt4bb5mgr462d68707qmq&st=hy9ql6qq&dl=0

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Nearby Locations

Ted Misztela

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

525 Main St Lawrencetown, NS B0S 1M0

Ted Misztela

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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