Unknown for 53 Spring St, Amherst Nova Scotia B4H 1S3
68 days on Market

53 Spring St, Amherst, Nova Scotia B4H 1S3

Townhouse
4
-
- sqft
$•••,•••
$189,900
Get pre-qualifiedPowered by Neo Mortgage
Townhouse
4
-
- sqft

Contact us about this property

Call

Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$816/mo

Tax Amount ()-

Days On Market68 days


Description

SELLER IS WILLING TO CONTRIBUTE TOWARD THE DEED TRANSER TAX FOR OUT-OF-PROVINCE BUYERS! 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!


Property Details

StyleOther
View-
Age of property-
SqFt-
Lot Size-
Parking Spaces2
MLS ®Number202503032
Community NameAmherst
Data SourceNSAR
Listing byRoyal LePage Cumberland Realty Ltd.

Features

Heating: Forced Air, Furnace
Basement: Full, Unfinished

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property History

Feb 17, 2025
ListedActive
$189,900
68 days on market
history photo preview41
Listing by nsar®
Property listed by Royal LePage Cumberland Realty Ltd., Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Market Data - Amherst

Geo Zone Map ThumbnailAmherst

Strong Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

192 days

Compared to

2024

0 day

2023

0 day

2022

17 days

New Listings

Past 30 days

0 listing

Compared to

2024

1 listing

2023

2 listings

2022

8 listings

Units sold

Past 30 days

2 units

Compared to

2024

0 unit

2023

1 unit

2022

6 units

Median Sold Price

Past 30 days

$393,000

Compared to

2023

$195,000

2022

$198,500


Population and Demographics

Overview

Total population 8406
Average household income $84,847

Age (%)

65 and plus
26%
50 to 64
22%
0 to 19
20%
35 to 49
17%
20 to 34
15%

Household composition (%)

Single family
57%
Single person
39%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
97%
French
1%
Others
1%

House tenancy (%)

Owners
57%
Renters
43%

Schools and amenities

Estimated Budget