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$649,900

None Beds

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Mahone Bay NS, B0J 2E0

MLS® # 202528060

Property Information:

This well-maintained triplex in the charming town of Mahone Bay presents an exceptional investment opportunity with flexible owner-occupancy options. The property features three distinct units: two on the ground floor (one 1-bedroom and one 2-bedroom unit, currently vacant) and a 2-bedroom unit upstairs, each equipped with separate electrical and water meters ensuring tenants pay their own utilities and minimizing landlord operating expenses. Located in one of Nova Scotia's most desirable coastal communities, the property offers walkable access to Mahone Bay's picturesque waterfront, unique shops, restaurants, and vibrant community events, making it highly attractive to both renters and potential owner-occupiers. The owner-occupancy option provides a compelling advantage, allowing you to live in one unit while generating rental income from the other two, effectively reducing your personal housing costs while maintaining hands-on property management and potentially qualifying for tax benefits. With stable rental demand driven by Mahone Bay's historically low vacancy rates, tenant-paid utilities, dedicated parking for all units, and strong potential for long-term appreciation in this thriving coastal market, this triplex represents a rare opportunity to establish yourself in a sought-after community while building equity through a sound real estate investment that offers both immediate cash flow and future growth potential.

Property Features:

  • Built in: 1895
  • Title to Land: Freehold

Courtesy of: Century 21 Optimum Realty

Data provided by: Nova Scotia Association of REALTORS® 68 Highfield Park Drive, Suite 112, Dartmouth, Nova Scotia B3A 0E4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Location of 499 Main Street, Mahone Bay, NS, B0J 2E0

Demographic Information of 499 Main Street, Mahone Bay, NS, B0J 2E0

Life Stage

Older Couples

Employment Type

Mixed

Average Household Income

$102,248.23

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.57 %

High school certificate or equivalent

31.68 %

Apprenticeship trade certificate/diploma

4.92 %

College/non-university certificate

19.12 %

University certificate (below bachelor)

1.81 %

University Degree

30.9 %

Commuter

Travel To Work

By Car

82.13 %

By Public Transit

0.0 %

By Walking

9.94 %

By Bicycle

0.0 %

By Other Methods

7.93 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.71 %

Houses

73.29 %

Own Vs. Rent