9691 Main Street, Canning, Nova Scotia B0P 1H0

From Highway 101 take exit 11, turn North on Highway 358 and continue for 11kms (10 mins) to intersection of 358 & Main Only a few minutes walk to amenities, this well-established all inclusive 6-unit rental complex never sees a vacancy. There are 3 two-bedroom units and 3 one-bedroom units varying in size from 818 sq. ft to as large as 1,155 sq. ft. The total square footage of living space is approx. 5,565. All units are equipped with a fridge, stove, laundry and ample parking. The property has been well maintained by the current owners over the last 13 years. Unit #3 has just had a new shower surround installed. New roof shingles were added in 2021. The property rests on 1.94 acres of land zoned C3, ESA and O1 and does have the potential of being subdivided to add more rental units to a developer?s portfolio. This listing is complete with accompanying documents. 48 hours notice to organize a showing. (id:27476)

Located in the charming town of Canning, Nova Scotia, this property boasts a prime location with a variety of amenities nearby. From a golf course and park to shopping and places of worship, residents will have everything they need within reach.

Offering a freehold ownership type, this well-established all-inclusive 6-unit rental complex is a lucrative investment opportunity. With a mix of two-bedroom and one-bedroom units, ranging in size from 818 sq. ft to 1,155 sq. ft, the property provides a total living space of approximately 5,565 sq. ft. Each unit comes equipped with essential appliances, laundry facilities, and ample parking, ensuring convenience for all residents.

Under the careful maintenance of the current owners for the past 13 years, the property has seen recent upgrades, including a new shower surround in Unit #3 and new roof shingles added in 2021. Situated on 1.94 acres of land zoned C3, ESA, and O1, there is potential for subdivision to expand the rental portfolio.

With a cap rate of 6.61% at the listed price, this property presents a promising investment opportunity. The electric baseboard heating system ensures efficient warmth throughout the units. The property is currently for sale, offering a land size of 1.94 acres and a building exterior finish of vinyl.

Conveniently located at 9691 Main Street in the community of Canning, this apartment-style property is a rare find in a desirable location, offering both comfort and investment potential.