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Home NS Lunenburg County Mahone Bay
499 Main Street
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499 Main Street $649,900
$649,900
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499 Main Street
Mahone Bay, Nova Scotia B0J2E0

MLS® Number: 202528060

Listing Description

This well-maintained triplex in the charming town of Mahone Bay presents an exceptional investment opportunity with flexible owner-occupancy options. The property features three distinct units: two on the ground floor (one 1-bedroom and one 2-bedroom unit, currently vacant) and a 2-bedroom unit upstairs, each equipped with separate electrical and water meters ensuring tenants pay their own utilities and minimizing landlord operating expenses. Located in one of Nova Scotia's most desirable coastal communities, the property offers walkable access to Mahone Bay's picturesque waterfront, unique shops, restaurants, and vibrant community events, making it highly attractive to both renters and potential owner-occupiers. The owner-occupancy option provides a compelling advantage, allowing you to live in one unit while generating rental income from the other two, effectively reducing your personal housing costs while maintaining hands-on property management and potentially qualifying for tax benefits. With stable rental demand driven by Mahone Bay's historically low vacancy rates, tenant-paid utilities, dedicated parking for all units, and strong potential for long-term appreciation in this thriving coastal market, this triplex represents a rare opportunity to establish yourself in a sought-after community while building equity through a sound real estate investment that offers both immediate cash flow and future growth potential. (231636961)

Location Description

Main Street Mahone Bay next to the Town Hall

Property Summary

Property Type
Multi-family
Building Type
Triplex
Community Name
Mahone Bay
Title
Freehold
Land Size
0.15 ac
Built in
1895
Parking Type
Gravel
Time on REALTOR.ca
29 days

Price and Sale History

Date Status Price
Oct 20, 2021 Sale Closed $410,000

Building

Interior Features
Flooring
Laminate, Wood
Basement Features
Walk out
Basement Type
Partial (Unfinished)
Building Features
Foundation Type
Stone
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Vinyl
Parking
Parking Type
Gravel
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902-880-8595
888-633-1282

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