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Home NS Hants County Windsor
260 Gerrish Street
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260 Gerrish Street $519,000
$519,000
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260 Gerrish Street
Windsor, Nova Scotia B0N2T0

MLS® Number: 202528912

Listing Description

An exciting opportunity for both investors and first-time buyers, this property features a duplex and a detached single-family home on the same lot, right in the heart of town. It's ideal for buyers who want to live in one unit while renting out the others to help cover expenses, or for investors looking to add a solid income-producing property to their portfolio. The property is currently generating $5,080 per month in rental income. Unit 260 is a one-bedroom rented for $1,400 per month on a fixed-term lease. Unit 262 is a three-bedroom unit renting for $1,640 per month, also on a fixed-term lease. Unit 266 is a three-bedroom detached home bringing in $2,040 per month on a month-to-month lease with a three-month notice. All tenants pay their own utilities except for water. Located within walking distance to everything in town, this property also offers ample parking around back, which is a rare find in this area. The buildings are structurally sound and currently cash flowing, giving you the flexibility to make cosmetic updates over time without urgency. This is a smart investment in a strong rental market with room to grow. (231683942)

Location Description

Located directly on Gerrish street access to parking lot via shared driveway between 260 Gerrish (Red Building) and neighboring vacant lot.

Property Summary

Property Type
Multi-family
Building Type
Triplex
Community Name
Windsor
Title
Freehold
Land Size
0.1389 ac
Parking Type
Gravel, Shared
Time on REALTOR.ca
14 days

Price and Sale History

Date Status Price
Aug 21, 2024 Sale Closed $850,000
Mar 30, 2003 Sale Closed $60,000

Building

Interior Features
Flooring
Laminate, Wood, Tile, Vinyl Plank
Building Features
Foundation Type
Concrete Perimeter
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Parking
Parking Type
Gravel, Shared
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