Overview

Property Type Triplex
Garage Yes

Description

This three-unit building in Amherst has a great rental history. Ideally situated within walking distance to schools at all levels and the amenities of downtown, this property offers convenience and accessibility. The building features two spacious one-bedroom units and a two-storey, two-bedroom unit. All units include heat and electricity in the rent. Unit A, the two-bedroom apartment, is accessed from the front of the building and offers a sun porch, a cozy living room, an eat-in kitchen, a full bath with laundry, and two generously sized bedrooms on the second level. Currently leased to a long-term tenant, Unit A brings in $892.50 per month. Unit B, a one-bedroom apartment on the second level, is located above the lower one-bedroom unit and is accessed from the side of the building. It includes a kitchen, a full bath, a spacious bedroom, and a living room. This unit currently rents for $840 per month. Unit C, a fully renovated one-bedroom apartment on the main level, is accessed from the driveway. It features a large eat-in kitchen with laundry, a full bath, a spacious bedroom, and a comfortable living room. This unit is currently rented for $1,400 per month. Recent updates to the building include a portion of the roof being re-shingled and an upgraded heating system. The property also includes a detached garage with a concrete floor and a nice backyard. This building is under contract with property management and has a net operating income (NOI) of approximately $21,596 and there is potential for increased rental income, particularly with two units currently renting below market value. This is an opportunity for investors seeking a solid rental property with future upside!

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Neighborhood Information

Amherst, NS

Amherst is a small town located in Cumberland County, Nova Scotia, Canada. Despite its size, the town brims with historical charm and a thriving local community. Dating back to the 18th century, Amherst boasts grand Victorian and Edwardian buildings that add character to the town's landscape. Surrounded by marshland and rolling farmland, the town offers a peaceful retreat from the hustle and bustle of city life.

The town is also home to several attractions, including the Cumberland County Museum and Archives, and the Nova Scotia Highlanders Regimental Museum. It's a great place for those who love to explore nature, with nearby attractions like the Tidnish Dock Provincial Park and the Amherst Point Bird Sanctuary.

However, being a small town, it may not offer the same level of amenities and opportunities as larger cities. The cost of living is relatively lower, but so are the wages. Despite these drawbacks, the community is welcoming and the quality of life is generally high.

City Score
65

Compared to other cities in Canada, Amherst offers a slower pace of life and a close-knit community. The cost of living is lower, but it may lack certain amenities and opportunities. It scores a 65 out of 100 for desirability.

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School Score
70

Amherst's schools offer quality education and a good student to teacher ratio. They may not have as many resources as schools in larger cities, but they still provide a solid education. The schools here score a 70 out of 100.

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Entertainment Score
60

While entertainment options may be limited, Amherst does host several events throughout the year, including the Amherst Winter Carnival and the Nova Scotia Summer Fest. The town also has a few local pubs and restaurants. The entertainment score is 60 out of 100.

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Activity Score
75

Outdoor activities are abundant in and around Amherst, with bird watching at Amherst Point Bird Sanctuary, hiking at Tidnish Dock Provincial Park, and fishing in the surrounding areas. The outdoor activities score is 75 out of 100.

Walk Score - 69%

About Your Relator®

Meet Jessica Mugford, a dynamic and enthusiastic Realtor® based in the heart of Sydney, NS. Born and raised in this picturesque coastal city, Jessica brings a deep-seated passion and a comprehensive understanding of the local market to her role. Her journey in real estate began at RE/MAX Park Place, where she served as an administrative professional specializing in contract review. This experience has provided her with invaluable insights into the industry, enhancing her expertise in managing real estate transactions with finesse.

Jessica's love for travel has broadened her perspective, allowing her to appreciate diverse lifestyles and housing needs, making her an ideal advisor for clients seeking to navigate the complexities of the real estate market. Coupled with her exceptional customer service skills, Jessica is committed to offering personalized and effective real estate solutions.

With deep rooted entrepreneurial ties to the community, Jessica has the foresight to recognize independent real estate opportunities, propose growth strategies and guide her clients through effective and efficient closing processes.

With Jessica Mugford, you can expect nothing less than a professional, tailored approach.


Phone: (902) 322-1684

Email: jessicamugford@remax.net

Office: Sydney

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Property Details

On Market Date2025-08-26T14:00:40.1
Off Market Date2025-08-26
StatusCONDITIONAL SALE
Price$174,900.00
NeighborhoodNorthern Region
LocationLat: 45.830872, Lng: -64.203659
Square Feet0.00
Lot Size7,340.00
Parking FeaturesLarge Gravel Drive
Garage SpacesYes
AppliancesStove,Refrigerator
HeatingForced Air,Furnace
CoolingForced Air,Furnace
SewerMunicipal
Interior FeaturesLaundry
RoofAsphalt Shingle
FlooringHardwood,Linoleum
Lot Features7340
Community FeaturesGolf Course,Park,Playground,Recreation Center,Shopping
Association Fee0.00
Listing Office Name333
Listing AgentTony Mitchell
Listing Agent Contactajamitchell@hotmail.com
MLS®202521601
All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice.
No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.

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