9459 Highway 3

405-Lunenburg County Maders Cove B0J 2E0

Originally a school house then later a tea room until converted to a home late 1900's. The house recently went through a major renovation which included a back to the studs renovation on the second floor, plus the addition of new insulation, two new electrical services, new plumbing, new wiring, new light fixtures, new flooring, new drywall and paint, custom kitchen, new bathroom, new windows, new doors, two new outside entrances and more. The upstairs is currently owner occupied but would rent for 2000/month plus utilities. The current rent amounts would support the asking price at a 7% cap rate. Would also make an excellent owner occupied rental ideal for a single,couple or family starting out. Rare opportunity to purchase real estate under 400k in the Mahone Bay/Maders Cove area. Complimented with parking for 4-5 cars would make an ideal location for Airbnb which would further increase the revenue potential. Enjoy low taxes but very close to Mahone Bay and only 6-8 min from Lunenburg. Recent other upgrades include pressure tank, two new hot water heaters, water treatment system and more.