48 River Road Spryfield, Nova Scotia B3R 1J9
$2,800,000
48 River Road is a 17-unit, one-bedroom apartment building located in Spryfield, near JL Ilsley High School, offering a solid investment opportunity with strong rental appeal. Seven units have been renovated, adding value and enhancing tenant interest, while ten of the units are on Fixed Term leases that permit scheduled annual rent increasesproviding reliable and predictable revenue potential. The upgrade of the remaining 10 units overtime, would add significantly to the net income and value of the building. Though the exterior of the building could benefit from cosmetic improvements, the interior upgrades and lease structure present a compelling option for investors seeking steady income and long-term growth in a well-situated rental market. Two upgraded furnaces installed within the last year. (id:45785)
Property Details
| MLS® Number | 202515471 |
| Property Type | Multi-family |
| Neigbourhood | Thornhill |
| Community Name | Spryfield |
| Amenities Near By | Park, Playground, Public Transit, Shopping, Place Of Worship |
| Community Features | Recreational Facilities, School Bus |
Building
| Appliances | Stove, Refrigerator |
| Basement Type | Crawl Space |
| Constructed Date | 1970 |
| Exterior Finish | Vinyl |
| Flooring Type | Ceramic Tile, Laminate, Tile |
| Foundation Type | Concrete Perimeter, Concrete Slab |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Public Transit, Shopping, Place Of Worship |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.3808 |
| Size Total | 0.3808 Ac |
| Size Total Text | 0.3808 Ac |
https://www.realtor.ca/real-estate/28508763/48-river-road-spryfield-spryfield
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June 23 2025 07:42:25
Nova Scotia Association of REALTORS®
RE/MAX Nova (Halifax)