540 Main Street
Lawrencetown, NS, B0S 1M0
$424,500
≈ $2,238/month estimate
Listed on this site 137 days ago
- 6 beds
- 5 baths
- 2,592 sq ft
- 0.31 acres
- Waterfront
Listed by RE/MAX Banner Real Estate(Greenwood) · Colin Crowell · MLS® 202615296
What’s nearby
Distances in a straight line. Places from OpenStreetMap.
About this home
Income property and equity-building opportunity in picturesque Lawrencetown: a beautifully maintained two-storey century home thoughtfully converted to a seven-unit residential suite home with furnished, move-in-ready accommodations for mature tenants on fixed-term leases. With approximately $65,700 gross potential annual income and a stable, professionally managed tenant base drawn from nearby College of Geographic Sciences and the local mature community, this property offers the rare advantage of letting others pay your mortgage while you build equity and create meaningful housing solutions in Nova Scotia. The home features five bathrooms (three are ensuites), all units sharing a common kitchen facility, and recently upgraded infrastructure that speaks to quality and longevity: roof (2025), fresh exterior paint and siding, 200-amp electrical panel, and water heaters (2024). Full municipal water and sewer. A ground-level eighth suite could very easily be created if desired, offering upside potential for income expansion. The exceptional 0.31-acre riverfront lot borders the serene Annapolis River with a peaceful sitting area overlooking the water-a rare amenity in multi-unit investments and a valued retreat for tenants and owners alike. The building's solid construction and excellent overall condition mean it could easily revert to single-family use, adapt to alternative income models, or serve multiple families sharing expenses-depending entirely on your vision. WETT-certified wood stove insert provides supplemental heating. All appliances and nearly all furnishings remain with the property, ensuring ease of consistent occupancy and turnover. Whether you are seeking to enter the income property market, expand an existing portfolio, or address the housing demands facing the Valley, this property delivers reliable returns, professional operations, and the satisfaction of providing quality housing to those in genuine need of stable accommodation. A rare find!
Facts
- MLS® number
- 202615296
- Status
- For Sale
- Type
- Single Family
- Style
- Detached
- Bedrooms
- 6
- Bathrooms
- 5 full
- Living area
- 2,592 sq ft
- Lot size
- 0.31 acres
- Year built
- 1907
- Basement
- Full, Undeveloped, Walkout
- Heating / cooling
- Baseboard, Forced Air, Heat Pump – Ductless
- Fuel
- Electric, Oil
- Garage
- No
- Waterfront
- Fresh Water
- Region
- Annapolis Valley
- County
- Annapolis
- Days on market
- 138
Features
- Foundation
- Stone
- Exterior
- Vinyl, Wood Siding
- Roof
- Asphalt Shingle
- Flooring
- Hardwood, Laminate, Softwood, Tile
- Water
- Municipal
- Sewage
- Municipal
- Utilities
- Electricity, High Speed Internet, Other
- Garage
- None
- Parking
- Gravel, Multiple Driveways, Parking Spaces(s)
- Features
- Ensuite Bath, Secondary Suite, Wood Stove(s), See Remarks, Walk In Closet
- Appliances included
- Stove, Dishwasher, Refrigerator
- Rental equipment
- None
- Water access / view
- Access: River Front, View: River
- Land features
- Landscaped, Stream/Pond, Wooded/Treed, Year Round Road
- Community features
- Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship, Beach
- Structures
- Deck
- Building dimensions
- 32x28 + 24x14 + 8x4 + 8x4
- Occupancy
- Tenant
- Zoning
- R2
- PID
- 05126529
Rooms
| Room | Level | Size |
|---|---|---|
| Foyer | Main Floor | 13.4 x 9.3 |
| Living Room | Main Floor | 14.2 x 13.7 + 7.8 x 3.5 |
| Kitchen | Main Floor | 15.3 x 20.5 (incl dining) |
| Bath 1 | Main Floor | 8.10 x 5.2 |
| Mud Room | Main Floor | 11.4 x 10.5 |
| Den/Office | 2nd Level | 7.6 x 11.7 + 7.8 x 3.7 |
| Upstairs Hallway | 2nd Level |
Location
Assessment & taxes
Taxes/Assessment History
Log in to see Taxes/Assessment HistoryProperty history
5 earlier listings of this property.
Log in to see Listing HistoryWhat it could cost each month
≈ $2,238 per month, estimated
- Mortgage $1,888
- Heating $238
- Insurance $112
Mortgage
Running costs per month
This home’s heating: Baseboard, Forced Air, Heat Pump – Ductless, Electric, Oil. Heating and insurance are estimates based on typical Nova Scotia costs for a 1,500 sq ft home (heat pump about $100, oil about $315, electric baseboard about $275 a month; home insurance about $65), adjusted for this home’s size and age. Your costs will differ: get quotes for this home. Not financial advice.
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Jessica Mugford, REALTOR® · RE/MAX Park Place Inc. · 602 George St, Sydney, NS B1P 1K9 · (902) 322-1684
NSAR IDX Reciprocity listings are displayed in accordance with NSAR’s IDX Agreements and property information is provided under copyright © by the Nova Scotia Association of REALTORS®. The above information is from sources deemed reliable but it should not be relied upon without independent verification.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.
Listing data last updated November 7, 2026 12:07 pm.