269 Onslow Road Upper Onslow, Nova Scotia B6L 5K8
$385,000
Huge Investment Property Potential; this is a gold mine for a duplex! Currently grossing $42,000 annually with fixed term renters means you could continue to have tenants here generating fantastic cash flow, or choose to live in one unit and rent out the other to cover part of your mortgage.Welcome to your next new project at 269 Onslow Road, your newest addition to your real estate portfolio! This Duplex has great income with newer features that makes this opportunity shine. Over the last 2 years there's been an entire second storey added to this building turning it into the duplex you see today! There's been plenty of upgrades to the main floor while the 2nd floor was being built such as all electric heat, newer windows and more. The income makes this building appealing, having both current market value rents and grossing a great amount of income annually with the 2024 expenses being low as the property has been renovated and the existing tenants pay heat, lights and currently even take care of the lawn! This is definitely a property to consider yourself owning to either start your real estate portfolio! The garage needs work but even has more cash flow potential as you could restore it and renovated for storage units for the tenants to increase unit value or could rent month to month. You're minutes away from the 102 Hwy being on Trunk 2, leading right into Truro for all your amenities and needs. At the buyers discretion and due diligence, there could even be potential to add two more units through a site plan application to the county (this is at the buyers due diligence.) The garage is going to be removed prior to closing at the seller's expense, leaving you more room to possibly use for parking or potentially anything else you may be interested in. Check this one out! (id:25286)
Property Details
| MLS® Number | 202411821 |
| Property Type | Multi-family |
| Community Name | Upper Onslow |
| Amenities Near By | Park, Playground, Shopping, Place Of Worship |
| Community Features | Recreational Facilities, School Bus |
Building
| Appliances | Oven, Dryer, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | Heat Pump |
| Exterior Finish | Vinyl |
| Flooring Type | Hardwood, Vinyl |
| Foundation Type | Concrete Perimeter |
| Type | Duplex |
| Utility Water | Drilled Well |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Shopping, Place Of Worship |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.4867 |
| Size Total | 0.4867 Ac |
| Size Total Text | 0.4867 Ac |
https://www.realtor.ca/real-estate/26952544/269-onslow-road-upper-onslow-upper-onslow
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September 26 2024 06:45:32
Nova Scotia Association of REALTORS®
RE/MAX Fairlane Realty