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$199,900
For Sale
Triplex 3 Units Occupied 7,340 sqft.
53 Spring Street, Amherst 39 photos
Type
Triplex
Units Occupied
3
Units Available
3
Age
N/A
Est. Mortgage
Calculating..
Price/Sq. Ft.
N/A
2025 Assessment & Tax
$234,600 $3,918
Lot Size
7,340 sqft
Listing History
6 events over 22 years
Historical Assessment
158% increase (2021-2025)
Has Garage
Yes
Land Registry Records
23 (1974 - 2024)
Michael Levy ViewPoint REALTOR ® 902-216-0096
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Realtor Info
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Subject to SOBP
No
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Occupancy
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Previously Shown By
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Listing Owner(s)
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Prov. Owner(s)
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District
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Subdistrict
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Postal Code
B4H 1S3
Showing Instructions
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Lockbox Location
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Listing Agent(s)
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Selling Agent(s)
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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... 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 $1,200 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 $19,196 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! Read More

Listing ID: 202503032 PID: 25031881

The above information is from sources deemed reliable but it should not be relied upon without independent verification.

NSAR IDX Reciprocity listings are displayed in accordance with NSAR's IDX Agreements and property information is provided under copyright (C) by the Nova Scotia Association of REALTORS®.

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