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Sean Watt

seanrwatt@gmail.com +1(902) 220-7326

Listed by Colin Crowell • RE/MAX Banner Real Estate(Greenwood)

$424,500

Est. payment - /mo

0.31 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202615297

HOA Y/N No

Year Built 1907

Lot Size 0.311 Acres

Acres 0.3113

Property Sub-Type Multi Family

Source Nova Scotia

Property Description

Income property and equity-building opportunity in picturesque Lawrencetown: a beautifully maintained two-storey century home thoughtfully converted to a seven-unit residential suite home with furnished, move-in-ready accommodations for mature tenants on fixed-term leases. With approximately $65,700 gross potential annual income and a stable, professionally managed tenant base drawn from nearby College of Geographic Sciences and the local mature community, this property offers the rare advantage of letting others pay your mortgage while you build equity and create meaningful housing solutions in Nova Scotia. The home features five bathrooms (three are ensuites), all units sharing a common kitchen facility, and recently upgraded infrastructure that speaks to quality and longevity: roof (2025), fresh exterior paint and siding, 200-amp electrical panel, and water heaters (2024). Full municipal water and sewer. A ground-level eighth suite could very easily be created if desired, offering upside potential for income expansion. The exceptional 0.31-acre riverfront lot borders the serene Annapolis River with a peaceful sitting area overlooking the water-a rare amenity in multi-unit investments and a valued retreat for tenants and owners alike. The building's solid construction and excellent overall condition mean it could easily revert to single-family use, adapt to alternative income models, or serve multiple families sharing expenses-depending entirely on your vision. WETT-certified wood stove insert provides supplemental heating. All appliances and nearly all furnishings remain with the property, ensuring ease of consistent occupancy and turnover. Whether you are seeking to enter the income property market, expand an existing portfolio, or address the housing demands facing the Valley, this property delivers reliable returns, professional operations, and the satisfaction of providing quality housing to those in genuine need of stable accommodation. A rare find!

Location

Province NS

County Annapolis

Area Annapolis County

Zoning R2

Region Annapolis Valley

City Region Annapolis Valley

Rooms

Basement Full, Unfinished

Bedroom 2 3336.80

Dining Room 57, 919.02

Kitchen 2469.50

Interior

Interior Features Ensuite Bath, Family Room, Multi-Use Rooms

Heating Baseboard, Forced Air, Ductless

Flooring Hardwood, Laminate, Vinyl

Fireplaces Type Wood Burning Stove

Inclusions All Appliances & Majority Of Furniture

Equipment No Rental Equipment

Fireplace Yes

Appliance Stove, Dishwasher, Refrigerator, Microwave

Exterior

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

Utilities Available Electricity Connected

Waterfront Description River Front,River Access,Fresh Water

View Y/N Yes

View River

Roof Type Asphalt

Porch Deck

Garage No

Private Pool No

Exclusions Tenant Personal Items, Outdoor Furniture

Building

Lot Description Under 0.5 Acres

Story 2

Foundation Stone

Sewer Municipal

Water Municipal

New Construction No

Others

Ownership Freehold

ParcelsYN No

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Sean Watt

+1(902) 220-7326

Agent | N13318

Agent N13318

540 Main St Lawrencetown, NS B0S 1M0

Sean Watt

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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