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$ 849,900
Est. payment /mo
Price Dropped by $50K
42 Cornwall Road Blockhouse, NS B0J2E0
1.02 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Blockhouse
MLS® Listing ID 202611597
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 0.0
Interior
Cooling Air Conditioned, Heat Pump
Flooring Hardwood, Tile, Vinyl
Exterior
Parking Features No
Community Features Recreational Facilities
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Septic System
Others
Ownership Freehold
Listed by Sutton Group Professional Realty
Huna Yoo
Founder of HUNA Real Estate Company | License ID: V98725
+1(778) 322-6647 | huna.yoo.22@gmail.com