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Philip Jonker

phil@propertyhalifax.ca +1(902) 817-4708

Listed by Cody Jacklin • Royal LePage Cumberland Realty Ltd.

$329,900

Est. payment - /mo

7 Beds

8,712 Sqft 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 202624024

Bedrooms 7

HOA Y/N No

Year Built 1950

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Multi Family

Source Nova Scotia

Property Description

This mixed-use building is centrally located on the corner of Spring and Albion in the heart of Amherst, within walking distance of downtown shops, restaurants, banks, and Schools! The Albion side sits on the main route toward grocery stores, fast food, gas stations, and more! The property includes four self contained residential units and one commercial/retail space. The apartments consist of three two-bedroom units and one one-bedroom unit, each with a full bathroom, fridge and stove, in-unit laundry, and paved parking. Unit A is currently rented for $1,450 per month, with heat and electricity included. Unit B rents for $1,000 per month plus utilities. Unit 1/2 rents for $650 per month plus utilities. Unit C rents for $800 per month plus electricity. All four residential units are occupied. Combined, the apartments generate $46,800 in annual gross income, with an approximate net of $32,000. The fifth unit is the opportunity. Off Albion, a vacant commercial/retail space of over 1,000 square feet offers open main-floor area, its own washroom, a separate entrance, and additional unfinished space upstairs. This side has its own parking, with about four extra paved stalls. The space is presently used as storage; it previously housed a longstanding business. Work has already been completed on the building, with room still to improve and a clear path to add a fifth income stream. This property is ideal for investors looking to grow a rental portfolio in a convenient downtown location, with solid residential income in place and a storefront waiting to go back to work!

Location

Province NS

County Cumberland

Area 101-Amherst, Brookdale, Warren

Zoning residential/commercial

Region Northern Region

City Region Northern Region

Rooms

Basement Full, Unfinished

Bedroom 2 5305.38

Dining Room 46800/Year

Kitchen 2411.10

Interior

Heating Baseboard, Forced Air, Furnace, Ductless

Flooring Carpet, Hardwood, Laminate, Vinyl

Inclusions Appliances Owned By The Building.

Equipment No Rental Equipment

Fireplace No

Appliance Stove, Dryer, Washer, Refrigerator, Microwave

Exterior

Community Features Golf, Park, Playground, Recreation Center, Shopping

Utilities Available Electricity Connected

View Y/N No

Roof Type Asphalt,Metal

Garage No

Private Pool No

Building

Lot Description Under 0.5 Acres

Story 2

Foundation Concrete Perimeter

Sewer Municipal

Water Municipal

New Construction No

Schools

Elementary Schools Spring Street Academy

Middle Schools E. B. Chandler Junior High School

High Schools Amherst Regional High School

Others

Ownership Freehold

ParcelsYN No

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Philip Jonker

+1(902) 817-4708

Agent License ID: 1811911

14 Spring St Amherst, NS B4H 1R5

Philip Jonker

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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