Waterfront - Golf Course
Address
540 Main Street, Lawrencetown, NS
Price
$ 424,500
Property Attributes
- ID#202615296
- TypeSingle Family
- Listing Status Active
- MunicipalityLawrencetown
- CityLawrencetown
- AreaLawrencetown
- NeighbourhoodLawrencetown
- Postal CodeB0S 1M0
- Style
- Year Built1907
- Price$ 424,500
- Bedrooms6
- Bathrooms5
- Half Bathrooms0
- Sqr Footage2592
- Lot Size0.3113 Acres
Data Source:
Canadian Real Estate Association (CREA)
Property Description
Income property and equity-building opportunity in picturesque Lawrencetown: a beautifully maintained two-storey century home thoughtfully converted to a seven-unit residential suite home with furnished, move-in-ready accommodations for mature tenants on fixed-term leases. With approximately $65,700 gross potential annual income and a stable, professionally managed tenant base drawn from nearby College of Geographic Sciences and the local mature community, this property offers the rare advantage of letting others pay your mortgage while you build equity and create meaningful housing solutions in Nova Scotia. The home features five bathrooms (three are ensuites), all units sharing a common kitchen facility, and recently upgraded infrastructure that speaks to quality and longevity: roof (2025), fresh exterior paint and siding, 200-amp electrical panel, and water heaters (2024). Full municipal water and sewer. A ground-level eighth suite could very easily be created if desired, offering upside potential for income expansion. The exceptional 0.31-acre riverfront lot borders the serene Annapolis River with a peaceful sitting area overlooking the water-a rare amenity in multi-unit investments and a valued retreat for tenants and owners alike. The building's solid construction and excellent overall condition mean it could easily revert to single-family use, adapt to alternative income models, or serve multiple families sharing expenses-depending entirely on your vision. WETT-certified wood stove insert provides supplemental heating. All appliances and nearly all furnishings remain with the property, ensuring ease of consistent occupancy and turnover. Whether you are seeking to enter the income property market, expand an existing portfolio, or address the housing demands facing the Valley, this property delivers reliable returns, professional operations, and the satisfaction of providing quality housing to those in genuine need of stable accommodation. A rare find! (id:7434)
General Features
| Features | Treed, Walk-In Closet |
|---|---|
| Community Features | Recreational Facilities, School Bus |
| Property Type | Single Family |
| CommunityName | Lawrencetown |
| Amenities | Golf Course, Park, Playground, Public Transit, Shopping, Place of Worship, Beach |
| Building Appliances | Stove, Dishwasher, Refrigerator |
| Building Basement Features | Walk out |
| Building Cooling Type | Air Conditioned |
| Location Description | Main Street (Highway 1) Lawrencetown |
| Foundation Type | Stone |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 2 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Baseboard heaters, Forced air, Heat Pump, Ductless |
| Building Heating Fuel | Electric, Oil |
| Basement Development | Unfinished |
| Basement Type | Full (Unfinished) |
| Construction Style Attachment | Detached |
| Flooring Type | Hardwood, Laminate, Wood, Tile |
| Living Area Range | 2592 |
| Bedrooms | 6 |
Exterior Features
| Water Front Type | Waterfront on river |
|---|---|
| ViewType | River view |
| Land Amenities | Golf Course, Park, Playground, Public Transit, Shopping, Place of Worship, Beach |
| Landscape Features | Landscaped |
| Sewer | Municipal sewage system |
| Exterior Finish | Vinyl, Wood siding |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| 4pc Bathroom | 8.10 x 5.2 | Main level | ||
| Bath (# pieces 1-6) | 8.10 x 5.2 | Main level | ||
| Den | 7.6 x 11.7 + 7.8 x 3.7 | Second level | ||
| Foyer | 13.4 x 9.3 | Main level | ||
| Kitchen | 15.3 x 20.5 (incl dining) | Main level | ||
| Living room | 14.2 x 13.7 + 7.8 x 3.5 | Main level | ||
| Mud room | 11.4 x 10.5 | Main level |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in B0S 1M0
Price
Year Built
In The Neighbourhood
Just Listed
Lawrencetown
$ 769,900
- Type
- Single Family
- Size
- 2,952 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Royal LePage Atlantic (Dartmouth)
Golf Course
Lawrencetown
$ 465,000
- Type
- Single Family
- Size
- 1,716 SqFt
- Rooms
- 2 Beds + 2 Baths
RE/MAX Banner Real Estate(Greenwood)
Primary On Main
Lawrencetown
$ 1,099,000
- Type
- Single Family
- Size
- 3,609 SqFt
- Rooms
- 3 Beds + 3.5 Baths
Royal LePage Atlantic
Golf Course
Lawrencetown
$ 729,000
- Type
- Single Family
- Size
- 2,379 SqFt
- Rooms
- 3 Beds + 3 Baths
RE/MAX Nova
Waterfront
Lawrencetown
$ 699,000
- Type
- Single Family
- Size
- 2,089 SqFt
- Rooms
- 3 Beds + 2 Baths
Royal LePage Atlantic
Lawrencetown
$ 424,900
- Type
- Single Family
- Size
- 1,283 SqFt
- Rooms
- 3 Beds + 2 Baths
Sutton Group Professional Realty
Primary On Main
Lawrencetown
$ 899,000
- Type
- Single Family
- Size
- 2,240 SqFt
- Rooms
- 4 Beds + 2 Baths
RE/MAX Nova
Reduced
Lawrencetown
$ 574,900
- Type
- Single Family
- Size
- 1,612 SqFt
- Rooms
- 3 Beds + 2 Baths
RE/MAX Nova
Reduced
Lawrencetown
$ 749,999
- Type
- Single Family
- Size
- 3,004 SqFt
- Rooms
- 3 Beds + 3 Baths
EXP Realty of Canada Inc.
Reduced
Lawrencetown
$ 240,000
- Type
- Single Family
- Size
- 1,705 SqFt
- Rooms
- 3 Beds + 1.5 Baths
RE/MAX Banner Real Estate(Greenwood)
Reduced
Lawrencetown
$ 319,000
- Type
- Single Family
- Size
- 1,525 SqFt
- Rooms
- 4 Beds + 1 Baths
Royal LePage Atlantic (Greenwood)
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