53 Spring Street, Amherst, NS (MLS® 202503032)

• Status:For Sale
• MLS® #:202503032
• PID:25031881
• Type:Triplex
• Listing Price:$189,900
• Last Updated:Mar. 18, 2025
• Listing Date:Feb. 17, 2025
• Days On Market:45
• Title To Land:Freehold

53 Spring Street, Amherst, NS (MLS® 202503032): This three-unit building in Amherst has a great rental history. Ideally situated within walking distance to schools at all levels and the amenities of downtown, this property offers convenience and accessibility. The building features two spacious one-bedroom units and a two-storey, two-bedroom unit. All units include heat and electricity in the rent. Unit A, the two-bedroom apartment, is accessed from the front of the building and offers a sun porch, a cozy living room, an eat-in kitchen, a full bath with laundry, and two generously sized bedrooms on the second level. Currently leased to a long-term tenant, Unit A brings in $892.50 per month. Unit B, a one-bedroom apartment on the second level, is located above the lower one-bedroom unit and is accessed from the side of the building. It includes a kitchen, a full bath, a spacious bedroom, and a living room. This unit currently rents for $840 per month. Unit C, a fully renovated one-bedroom apartment on the main level, is accessed from the driveway. It features a large eat-in kitchen with laundry, a full bath, a spacious bedroom, and a comfortable living room. This unit is currently rented for $1,400 per month. Recent updates to the building include a portion of the roof being re-shingled and an upgraded heating system. The property also includes a detached garage with a concrete floor and a nice backyard. This building is under contract with property management and has a net operating income (NOI) of approximately $21,596 and there is potential for increased rental income, particularly with two units currently renting below market value. This is an opportunity for investors seeking a solid rental property with future upside!

Listing Courtesy of: Royal LePage Cumberland Realty Ltd.

• Laundry

• Golf Course
• Park
• Playground
• Recreation Center
• Shopping