Primary photo of 45 Mechanic Street, Springhill
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Triplex For Sale

$219,900

MLS® Number: 202613027

Land Size

0.157

45 Mechanic Street, Springhill, Nova Scotia

About This Property

Excellent investment opportunity! This well-maintained triplex is ideally located within walking distance to schools, the hospital, downtown shopping, and other amenities. The property features low-maintenance vinyl siding, a gravel driveway with parking for three vehicles, and a new metal roof. Two of the three units have been recently renovated with new flooring, new carpet, updated lighting, and fresh cosmetic improvements, enhancing both tenant appeal and value. The building offers three self-contained units, including two one-bedroom apartments and one two-bedroom apartment. One unit is currently vacant, providing an excellent opportunity for a new owner to set market rent and maximize income potential. Units 1 and 2 are heated with electric baseboards, while Unit 3 is serviced by an oil furnace. A large unfinished storage area on the main floor offers potential for additional income, future development, or expansion of the existing living space, subject to municipal approvals. With recent upgrades, strong income potential, and a convenient location, this property is an excellent addition to any investment portfolio! Can also be purchased in conjunction with 42 Pleasant Street for an expanded investment opportunity!

Property Details

Interior Details

Appliances

Refrigerator, Stove

Basement

Unfinished, Full

Flooring

Laminate, Carpeted, Vinyl

Building & Exterior

Exterior Features

Vinyl

Foundation Details

Concrete Perimeter

Parking Features

Parking Space(s), Gravel

Land & Location

City Region

Springhill

Community Features

Recreational Facilities

Lot Size Area

0.1567 acres

Lot Size Dimensions

0.1567

Parcel Number

25235649

Postal Code

B0M1X0

Listing & Financials

Listing Office

Century 21 Trident Realty Ltd.

Originating System Name

Nova Scotia Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($43,980)
5.5%
25 Years

Estimated Monthly Payment

$1,080

Principal and interest only. Actual rates may vary.

Location & Map

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