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9459 Highway 3 Maders Cove, Nova Scotia B0J 2E0


Originally a school house then later a tea room until converted to a home late 1900's. The house recently went through a major renovation which included a back to the studs renovation on the second floor, plus the addition of new insulation, two new electrical services, new plumbing, new wiring, new light fixtures, new flooring, new drywall and paint, custom kitchen, new bathroom, new windows, new doors, two new outside entrances and more. The upstairs is currently owner occuplied but would rent for 2000/month plus utilities. The current rent amounts would support the asking price at a 7% cap rate. Would also make an excellent owner occupied rental ideal for a single,couple or family starting out. Rare opportunity to purchase real estate under 400k in the Mahone Bay/Maders Cove area.Complimented with parking for 4-5 cars would make an ideal location for Airbnb which would further increase the revenue potential. Enjoy low taxes but bery close to Mahone Bay and only 6-8 min from Lunenburg. Recent other upgrades include pressure tank, two new hot water heaters, water treatment system and more. (id:45785)

Property Details

MLS® Number 202324171
Property Type Multi-family
Community Name Maders Cove
Amenities Near By Public Transit, Place Of Worship
Community Features School Bus
Features Balcony, Sump Pump
Structure Shed


Appliances Oven, Stove, Dryer, Washer, Microwave Range Hood Combo, Refrigerator
Basement Type Crawl Space
Exterior Finish Vinyl
Flooring Type Laminate
Foundation Type Stone
Type Duplex
Utility Water Ground-level Well


Parking Space(s)


Acreage No
Land Amenities Public Transit, Place Of Worship
Sewer Septic System
Size Irregular 0.241
Size Total 0.241 Ac
Size Total Text 0.241 Ac


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