Here’s an opportunity to make a solid investment in one of Eastern Canada’s most celebrated seaside communities. As a destination, Lunenburg is at the top of every visitor’s list, but this not a mere tourist town…not by a long shot! Lunenburg is a popular and vibrant year-round community of generations deep locals and new-comers from all corners of the globe. Aesthetically, Lunenburg is one of the most beautiful small towns you’ll find anywhere. And for a town of less than 3000 people, it outpunches its weight class when it comes to amenities and cultural offerings…we’re talking a TKO! Not insignificant is the geography…Lunenburg just an hour from HRM, the main population and economic centre of Atlantic Canada. All of this adds up to Lunenburg being a wise place to invest.
251-253-255 Lincoln Street sits at the very hub of Old-Town just off the intersection of Lincoln & King Streets, a location frequented by tourists and locals alike, so you’re guaranteed high visibility in all seasons. The building is totally turn key with an established cash flow from its four residential apartments and two commercial units.
On the residential side, the four apartments (three 2-bdrm & one 1 bdrm) are spacious and bright with brilliant natural light through oversized windows and high ceilings. You’ll have the security of Lunenburg’s near zero vacancy rates with long term rentals being in extremely high demand. Or look at increasing the revenues by taking advantage of the town’s popularity as a tourist destination and using all or some of the units as short-term vacation rentals. This is the perfect location in Old-Town, surrounded by shops, galleries, cafes and outstanding restaurants, with gorgeous views of the harbour and historic streetscapes from most of the residential units. Visitors simply will not find a more ideal location for their Lunenburg stay.
On the commercial side, the two street level commercial units enjoy a premium high-exposure location in the very heart of Lunenburg’s Commercial District. Each has large and attractive south-facing storefront windows, spacious and bright retail/gallery space with 12 foot ceilings, ductless heat pumps, large backrooms for stock/storage with outdoor access at the back of the building.
Take comfort knowing you’ll enjoy low maintenance cost for years to come. The entire building has been thoroughly and thoughtfully renovated and updated from top to bottom between 2012 and 2017. The result is one of the most pristine and attractive commercial heritage buildings in a town renowned for its fine heritage structures.
With an attractive 4.9% cap rate, 251-253-255 Lincoln Street represents a solid investment opportunity. Come Sea for yourself!
Old Town Lunenburg: Just off the intersection of King and Pelham Streets. Look for the Red Door Realty sign!
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All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Ocean Homes Nova Scotia.
