Looking for a solid investment in the heart of Old-Town Lunenburg? This well-maintained triplex enjoys a walk-everywhere location just a few blocks from the waterfront and the shops and restaurants of Lunenburg’s vibrant downtown…who wouldn’t want to live or rent here? With Lunenburg’s extremely low vacancy rates this income property is a no-brainer.
The 3 units include two spacious 2-bedroom apartments with high ceilings and large windows plus and a neat and tidy and surprisingly bright 1-bedroom apartment in the basement. Each apartment has its own electrical meter and the top floor apartment not only enjoys a glimpse of the harbour, it also has access to the walk-up attic. All 3 units are currently rented to great tenants (all existing fixed-term leases expire in June 2021).
Together the 3 apartments generate a good cash flow for the income property Buyer, but the attractive building with its charming gingerbread trimwork would also make a great family home -- convert the main and upper floors back to a single family home and keep the lower level as an income unit to help cover the mortgage. A number of lovely period details remain like the original staircase, stained glass window, plaster ceiling medallions, mantle pieces and trim work.
A convenient storage/utility room occupies part of the basement, and outside there’s a gravel driveway for 2+ cars to park end-to-end, a side deck and a little back yard tucked away behind the house.
Old-Town Lunenburg, Pelham Street between Hopson and Kempt Streets. Look for the Red Door Realty sign!
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