Income Property! There is no time like now to invest in Real Estate. This 3-unit income property might just be a perfect addition to your rental portfolio or for those just starting out we would consider this building a solid long term investment. The rents will require increasing to bring them to current market value. However there is something to be said about having excellent tenants, and an exceptionally well maintained building in a very desirable location. There is also huge potential for future expansion or additional development on the large double lot. Currently 3 units in total, 2 - 2 bedroom units, and 1 - 1 bedroom unit. Over the past 7 years all windows and doors have been replaced and the roof was done approx. 8years ago. The detached outbuilding on the property is ideal for storage, although each of the individual units are plenty spacious. Located centrally in town for an easy commute by foot to schools, stores, grocery, banks and the local cafes & eateries of Bridgewaters King Street.
Listing Sub-Area:
405-Lunenburg County
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
17 x 13'8+34 x 35
Outside Dimenions:
17 x 13'8 + 34 x 35
Lot Size:
11,840 sq. ft.1,100 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
3
# Floors:
2
Exterior Finish:
Wood Shingles, Wood Siding
Foundation:
Concrete, Stone
New Constr.:
No
Basement:
Undeveloped, Walkout
Floor Finish:
Laminate, Vinyl
Roof:
Asphalt Shingle
Heating:
Furnace, Hot Water
Fuel:
Oil
Garage Description:
Barn 18 x 24
Parking:
Yes
Parking Description:
Spaces
Driveway:
Circular, Double, Gravel, Parking Spaces(s)
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
3
Num 1 Bed Units:
1
Num 2 Bed Units:
2
# Of Fridges:
3
# Of Stoves:
2
Rental Income:
Yes
Golf Course, Park, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship
Data was last updated December 3, 2024 at 01:20 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$545,000
Min list price:
$229,900
Max list price:
$1,600,000
Avg days on market:
95
Min days on market:
14
Max days on market:
729
These statistics are generated based on the current listing's property type
and located in
405-Lunenburg County. Average values are
derived using median calculations.