Seize a rare opportunity to acquire a high performing turnkey investment property in a picturesque coastal setting. This fully occupied 5 unit residential building delivers immediate and stable cash flow in a region experiencing strong rental demand and extremely low vacancy, making it a secure and attractive addition to any portfolio. With a cap rate of approximately 10 percent, the property offers an exceptional return on investment. Positioned on an expansive 2.5 acre lot, it provides both privacy and long term development potential. The well maintained building features a large wrap around deck with scenic views, enhancing tenant appeal, along with an accessibility ramp that broadens usability. A key advantage is the established on site property management, handling day to day operations and tenant relations, making this a truly hands off investment. The location is ideal for tenants seeking a balanced lifestyle, with Point Michaud Beach just 15 minutes away and the amenities of St Peters including dining, shopping and services reachable in under 20 minutes. Whether you are expanding your portfolio or entering the market with a strong asset, this property combines location, stability and outstanding returns in one compelling offering. Inquire today to receive the full financial package. (id:374)
| MLS # | 202605894 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 216 |
| Listing Provided By | iLand Realty Inc. | Johannes Dombrowski |
| Basement | Y |
|---|---|
| Acreage | 2.52 |
| Heating | Baseboard heaters, Oil, Furnace |
|---|---|
| Appliances | Washer, Dryer - Electric, Refrigerator, Water softener, Range - Gas |
| Fireplace Yes / No | No |
| Foundation Details | Concrete Perimeter |
|---|
| Parking Features | Parking Space(s), Gravel |
|---|
| Sewer | Septic System |
|---|---|
| Water Source | Drilled Well |
| Tax Year | 2026 |
|---|
| Province | NS |
|---|---|
| City | Grand River |
| Postal Code | B0E1M0 |
| Listing VS Median (in B0E1M0) | |
Price: $399,900 low | high Med: $457,000 On site: 216 low | high Med: 165.5 | |
| Province | NS |
|---|---|
| City | Grand River |
| Postal Code | B0E1M0 |
| Listing VS Median (in B0E1M0) | |
Price: $399,900 low | high Med: $457,000 On site: 216 low | high Med: 165.5 | |