5106 Highway 7, Porters Lake, NS (MLS® 202402599) Single Family For Sale

5106 Highway 7, Porters Lake, NS, B3E 1J3
MLS® # 202402599


$559,900

5106 Highway 7, Porters Lake, NS (MLS® 202402599): Welcome to 5106 Highway 7 in Porters Lake — a prime investment opportunity! Finding an income property with positive cash flow in today's market can be challenging, but this property offers a rare chance to generate passive income. Conveniently located just off exit 20, in the heart of Porters Lake's shopping and business district, this property boasts easy access to amenities and schools within walking distance. This property can also be good for first time home buyers looking to secure a property now and move in later in either one of the2 units with the other one helping paying their mortgage. This property features a well-maintained 2-bedroom unit upstairs and a separate 1-bedroom unit downstairs, each with its own laundry and entrance. Recent renovations/upgrades, including a new roof, new siding, new insulation, heat pump system, new windows all around, brand new apartment downstairs and more since 2022, ensure both comfort and value. The sale of this property is conditional to the seller remaining as a tenant for a minimum of one year after closing on a fixed term lease which would start on closing along with the lower unit's tenants committing to a two-year fixed term lease. The lower unit's rent remains at $1850/month, all-inclusive, while negotiations are open for the upstairs unit, either all-inclusive or priced per month plus utilities. All inclusive rent would be$1950/month. Contact me for more information and book your showings now!!

Directions to 5106 Highway 7, Porters Lake, NS (MLS® 202402599): Highway 107 to Exit 20, left off ramp, left at stop sign, on left at civic 5106.

Listing Courtesy of: Keller Williams Select Realty

Utilities

Features

Community Features

Rooms

LevelTypeDimensions
Main FloorBath 14PC
Main FloorBedroom10.3 X 9.11
Main FloorBedroom14.7 X 11.6
Main FloorDining Room10.7 X 7.11
Main FloorKitchen12.4 X 12.7
Main FloorLiving Room13.3 X 9.10
LevelTypeDimensions
Lower LevelBath 14PC
Lower LevelBedroom11.11 X 9.9
Lower LevelDining Room15.1 X 14.9
Lower LevelKitchen10.2 X 9.4
Lower LevelLiving Room14.9 X 12.1
Lower LevelStorage9.9 X 8.5

Virtual Tours of 5106 Highway 7, Porters Lake, NS (MLS® 202402599)


Demographics for 5106 Highway 7, Porters Lake, NS (MLS® 202402599)

Census Year: 2016

12090809
  • Subdivision Name: Halifax
  • Population Count: 457
  • Private Dwellings Count: 211
  • Land Area: 1.37 Km2

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