8158 Route 1 Meteghan, Nova Scotia B0W 2J0

Heat Pump


INVESTOR ALERT: 6.3% CAP RATE. This well maintained & upgraded Victorian fourplex is perched on a hill with stunning ocean & sunset views from all units, making it a sought after rental. Annual Gross Rents (4 units): $31,260. Annual Expenses: Insurance $1,920, Taxes $2,700, Lawn/Snow removal $840), Maintenance $600). Rents less expenses = $24,440. Tenants pay own heat and lights on 4 separate meters. Downstairs 2 bdrm units have separate oil furnaces. Upstairs 1 bdrm units are baseboard and unit 4 has a (2019) Fujitsu heat pump (paid in full). 2019 updates: Back roof replaced, 2 new fibreglass oil tanks, seamless gutters, new water pump tank and all new modern lighting, chandeliers and plumping fixtures in units 2 & 4. 2020 update: New chimney cap. Extensive list of recent improvements available upon request, making this a TURNKEY INVESTMENT. On municipal sewer and shared well with great neighbour sfd. Meteghan is an established lobster fishing town. 30 mins to Yarmouth, 45 mins to Digby and 3 hrs to Halifax. The house is on a bus route and walking distance to post office, library, credit union and groceries. The property includes a large shed, ample parking and a large partially wooded, scenic back lot. Act Fast on this exceptional opportunity in a picturesque oceanside town! (id:40687)

Property Details

MLS® Number 202218319
Property Type Multi-family
Community Name Meteghan
Amenities Near By Golf Course, Park, Playground, Shopping
Community Features School Bus
Features Sump Pump
Structure Shed
View Type Ocean View


Appliances Stove, Dryer, Washer, Refrigerator
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1919
Cooling Type Heat Pump
Exterior Finish Wood Shingles
Flooring Type Carpeted, Hardwood, Laminate, Vinyl
Foundation Type Stone
Type Fourplex
Utility Water Dug Well, Shared Well


Parking Space(s)


Acreage No
Land Amenities Golf Course, Park, Playground, Shopping
Sewer Municipal Sewage System
Size Total Text 1/2 - 1 Acre


Cable Available Unknown



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