89 Crescent Drive, New Minas, NS

$399,000

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9

Beds

0.31

Acres

About 89 Crescent Drive

Welcome to 89 Crescent Dr., an great multi-unit property located in the heart of New Minas, offering 4 rental units on a commercially zoned lot, ideal for investors. This property features two 1-bedroom units, including one recently renovated and currently rented for $1,100/month, and another occupied at $787.50/month. Additionally, there is a 3-bedroom unit currently vacant and requiring minor renovations with a potential rental income of approximately $1,500/month, and another occupied large 4-bedroom unit renting for $892/month. The entire property underwent a complete electrical upgrade two years ago, and all units are wired for heat pumps, with one already installed. Each unit has separate meters, with tenants responsible for their own NSP (Nova Scotia Power) and heating costs. Centrally located in vibrant New Minas, this property offers convenient access to local amenities, shopping, and transportation, making it highly attractive to prospective tenants. With a little more TLC, 89 Crescent Dr. can become a lucrative addition to your investment portfolio, promising strong returns in a thriving rental market. To schedule a viewing, please allow 48hr Notice.

Features of 89 Crescent Drive

MLS® # 202411865
Price $399,000
Bedrooms 9
Acres 0.31
Year Built 1885
Type Residential Income
Sub-Type Quadruplex
Status Closed
Date Sold July 31st, 2024

Community Information

Address 89 Crescent Drive
Area Annapolis Valley
District Kings County
Sub-District V2
City New Minas
County Kings
Province NS
Postal Code B4N 3G7

Amenities

Utilities Electricity Connected
Parking Dirt
Is Waterfront No
Has Pool No

Interior

Interior Features Multi-Use Rooms
Appliances Stove, Refrigerator
Heating Baseboard, Ductless
Fireplace No
# of Stories 2
Has Basement Yes
Basement Crawl Space, Full, Unfinished, Walk-Out Access

Exterior

Lot Description Under 0.5 Acres
Roof Asphalt
Construction Vinyl Siding
Foundation Block, Stone

School Information

Elementary New Minas Elementary School
High Horton High School

Additional Information

Zoning C3

Listing Details

OfficeExit Realty Town & Country

Listing Map