Our Agents' Listings

931 Highway 19
306-Inverness County / Inverness Troy B9A 1E9

$929,000
Multi-Family built: 1996

Main Photo: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 1: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 2: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 3: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 4: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 5: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 6: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 7: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 8: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 9: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 10: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 11: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 12: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 13: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 14: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 15: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 16: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Photo 17: 931 Highway 19 in Troy: 306-Inverness County / Inverness Multi-Family for sale (Highland Region)  : MLS®# 202322060
Status:
Pending
Prop. Type:
Multi-Family
MLS® Num:
202322060
Year Built:
1996
Welcome investors, entrepreneurs and ocean enthusiasts to this 6.45 acre property overlooking breathtaking water views which is a rare find these days. If you don't mind sleeping to the soothing sounds of the ocean and the therapeutic sceneries, then look no further than this beautiful property offering endless possibilities. Located just 10 minutes from amenities of Port Hawkesbury and NSCC, and with direct access to the Cape Breton trail. Setting up your roots at this lovely retreat while earning significant income with 6 cabins fully winterized cottages facing the Northumberland strait( home of the warmest ocean water in Canada). There is also a self-managed, fully occupied 24-unit storage facility to the right as you enter the property. This is the perfect lifestyle for people who want to enjoy the best of both worlds: generate income, and live in nature. This stunning property has recently refreshed cottages and has been recently cleared to allow for additional buildings, Domes, yurts, camping or even an RV campground to be added. Each of the 6 year round cottages features 2 bedrooms, a 3-piece bathroom, a living room, dining area, a full kitchen and a heat pump for heating and cooling. Tenants have access to a coin-operated washer/dryer onsite. A seventh building on the property is perfect for an office, coffee shop, or could be converted into another rental or even an apartment style dwelling. Demand exceeds supply in this thriving community. The cottages can be rented year round by local residents or weekly during the peak spring/summer and winter months attracting trail recreational users. This property is not restricted to foreign buyers and would be the perfect investment to add to your real estate portfolio. There is also another lot on the water which will be also available for sale with this lot but not separately for 60K (PID 50339746), offering direct water frontage to build your own haven!
Listing Sub-Area:
306-Inverness County / Inverness
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Property Known As / Body of Water:
Atlantic Ocean
Building Dimenions:
Multiple Structures
Outside Dimenions:
Multiple Structures
Lot Size:
6.45 acre(s)
Prop Size:
3 to 9.99 Acres
Commercial / Retail Space:
Yes
# of Rental Units / Occupied:
6
Year built:
1996 (Age: 28)
Age:
27
Exterior Finish:
Vinyl
Foundation:
Concrete, Wood
Basement:
None
Floor Finish:
Laminate, Vinyl Plank
Roof:
Asphalt Shingle
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Parking:
Yes
Parking Description:
Gravel
Driveway:
Dirt, Gravel
Water Supply:
Shared, Well, Other
Sewer:
Septic
Num Units:
6
Num 2 Bed Units:
6
# Of Dryers:
1
# Of Fridges:
6
# Of Stoves:
6
# Of Washers:
1
Rental Income:
Yes, $6150 x 2 = $78000
Laundry Income:
$1200
Other Income:
$2000 x 12 = $24000
Insurance Expense:
$6000
Other Costs:
Tax $8787
Betterment Charges:
none
Snow / Garbage Collection:
Snow $1200
Electricity Bill:
$3200 TBV
Approx. Total Expense:
$13887
Approx. Total Income:
$103,200
Air Conditioning, Cable, Dining Room, Laundry, Locker, Storage, Telephone, Wheelchair Access
Beach
None
None
Ocean
Yes
View: Lake
Assessment:
244500.0
Assessment Year:
2023
Zoning:
no zoning
Elementary School:
Bayview Education Centre
High School:
Dalbrae Academy
Possession Info:
Negotiable
Listed Date:
Oct 16, 2023
Days on Mkt:
190
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Data was last updated April 23, 2024 at 09:20 AM (UTC)
Jackie Chahine