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RE/MAX Generation

generationremax@gmail.com +1(250) 858-5465

$774,900

Est. payment - /mo

6 Beds

4 Baths

2,700 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2700

Square Footage 2,700 sqft

Price per Sqft $287

Subdivision Blockhouse

MLS® Listing ID 202611600

Bedrooms 6

Year Built 1801

Lot Size 1.020 Acres

Acres 1.02

Property Sub-Type Freehold

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:24570)

Location

Province NS

Rooms

Kitchen 2.0

Extra Room 1 Second level 14..6 x 12..7 Unit 1 Bedroom

Extra Room 2 Second level 14..6 x 11..6 Unit 1 Bedroom

Extra Room 3 Second level 9..6 x 11..1 Unit 1 Bedroom

Extra Room 4 Second level Unit 1 Bath (# pieces 1-6)

Extra Room 5 Lower level 12..4 x 7..2 Bedroom

Extra Room 6 Lower level Unit 3 Bath (# pieces 1-6)

Interior

Heating Baseboard heaters, Heat Pump, Ductless

Cooling Air Conditioned

Flooring Hardwood, Laminate, Tile, Vinyl

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Story 1.5

Sewer Septic System

Others

Ownership Freehold

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Listed by Sutton Group Professional Realty

Nearby School & Business

+1(250) 882-3335

alex@victoriahomes.com

42 Cornwall Road Blockhouse, NS B0J2E0