21 North Street, Bridgewater, Nova Scotia B4V 2V7

Listed for:
$1,500,000
0 beds
0 baths
Listed 99 days ago
21 North Street, Bridgewater, Nova Scotia B4V 2V7

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Learn more about this property
Listing provided by:
EXIT Realty Inter Lake
MLS® number:
202401675
Agent:
Donna Malone
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About

Property in close proximity to light at Aberdeen and North Street. Next to A & W. This property presents an opportunity to acquire a well-rounded investment with both residential & commercial income streams. Its strategic location & versatile spaces make it a prime choice for investors seeking a stable & profitable portfolio. This is a Commercial Residential Property that is strategically positioned in a highly visible location with convenient access to various amenities. It offers a unique investment opportunity that combines residential comfort with lucrative commercial enterprises. The building was significantly renovated with an addition that more than doubled its square footage in 2019. Occupancy for the addition was granted in 2021. The property consists of 4 residential rental units. Studio with bath & laundry access. One bedroom apartment with bath & in-suite laundry. Two-bedroom apartment with bath & laundry access. Two-bedroom apartment with one & a half baths & in-suite laundry. Units include major appliances. The commercial spaces consist of a hair salon plumbed for 4 stations with a private space for esthetic services & a lunchroom space. The Bubble Tea take out serves bubble tea, milkshakes, coffee, lattes, cappuccino, & espresso. The Commercial Laundry/Dry Cleaning Service includes drop off & pick up laundry services for private individuals & businesses, as well as dry cleaning drop-off & pick-up service in conjunction a Dartmouth company. The Coin-Operated Water Dispenser is convenient & profitable with its own dedicated space. There is ample on-site paved parking. The detached garage (14X32) has a 14-foot ceiling & insulated concrete floor. It is ideal for a potential storage unit business or other business opportunity. This property is within walking distance to restaurants, shopping, banks, entertainment & the regional hospital. It offers diverse income streams from residential & commercial spaces. It is near amenities which enhances tenant attraction and retention. The garage offers additional income potential. (id:27476)

Property Highlights

Type
Cooling type
Heat Pump
Heating fuel
Fireplace
No
Construction material
Parking space
Ownership Type
Freehold
Amenities nearby
Public Transit, Shopping

Location

Summary

Conveniently situated near public transit and shopping, this property boasts a freehold ownership type. It offers a unique investment opportunity, combining residential comfort with lucrative commercial enterprises. The building underwent significant renovations in 2019, doubling its square footage, with occupancy for the addition granted in 2021.

Featuring 4 residential rental units, including studios, one-bedroom, and two-bedroom apartments, this property also includes commercial spaces such as a hair salon, Bubble Tea take out, commercial laundry/dry cleaning service, and a coin-operated water dispenser. Additionally, there is ample on-site paved parking and a detached garage ideal for potential storage unit business or other opportunities.

Located within walking distance to various amenities, including restaurants, shopping, banks, entertainment, and the regional hospital, this property offers diverse income streams from its residential and commercial spaces. The garage also presents additional income potential.

Currently for sale, this property sits on a 0.2659-acre land with cooling provided by a heat pump. It is situated on 21 North Street in the city of Bridgewater, Nova Scotia, with a postal code of B4V2V7 and is part of the Bridgewater community.