Located at 137/139 Water Street, this exceptional 4-unit property offers unlimited potential for investors and business owners alike. Situated in the vibrant and highly sought-after waterfront area of Pictou, this property provides a unique blend of residential and commercial spaces, making it an ideal addition to any investment portfolio. Positioned just steps from the scenic Pictou Harbour with public access and a boat launch, this property is ideally situated beside the DeCoste Performing Arts Centre and the new library expansion. Additionally, it backs directly onto the popular Jitney Trail, offering unparalleled access to both cultural and recreational amenities. The ground-floor unit is currently utilized as commercial space, providing a versatile option for businesses seeking visibility and foot traffic in a thriving area. A cozy 2-bedroom ground floor unit with laundry is vacant and offers excellent potential for either residential or commercial use. Two 1-bedroom units are currently rented, each under fixed-term leases, providing immediate income and stability. Enjoy stunning views of the harbor right from your back patio, where you can relax and watch the waves roll in. This property offers the best of Pictou living at your doorstep. All tenants are responsible for their own utilities, ensuring minimal overhead. This well maintained building has a metal roof with many new windows. Additionally, it features five heat pumps, including one in the basement, for efficient heating and cooling. A propane stove is also available in the event of power outages, adding an extra layer of convenience and security.
Take the Pictou exit off the rotary onto West River Road, stay right at the fork onto water street and property will be on your right.
Listing Sub-Area:
107-Trenton, Westville, Pictou
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
49x31
Outside Dimenions:
49x31
Lot Size:
5,227 sq. ft.486 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
Yes
# of Rental Units / Occupied:
3
# Floors:
15
Exterior Finish:
Vinyl
Foundation:
Stone
Basement:
Full, Undeveloped, Walkout
Floor Finish:
Carpet, Laminate, Linoleum
Roof:
Metal
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric, Propane
Parking:
Yes
Parking Description:
parking spaces behind the building.
Driveway:
Gravel
Water Supply:
Municipal
Water And Sewage:
565.05
Sewer:
Municipal
Num Units:
4
Num 1 Bed Units:
2
Num 2 Bed Units:
1
# Of Dryers:
1
# Of Fridges:
3
# Of Microwaves:
1
# Of Stoves:
3
# Of Washers:
1
Rental Income:
Yes, 43,356.12
Approx. Net Income:
37116.07
Insurance Expense:
1727.00
Taxes Costs:
3948
Management expense:
0
Betterment Charges:
1% deed transfer tax
Heating Bill:
0
Electricity Bill:
0
Approx. Total Expense:
6240.05
Approx. Total Income:
43,356.12
Air Conditioning, Balcony
Park, Playground, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship, Beach
Data was last updated April 4, 2025 at 05:20 PM (UTC)
Area Statistics
Listings on market:
83
Avg list price:
$365,000
Min list price:
$79,900
Max list price:
$2,900,000
Avg days on market:
66
Min days on market:
1
Max days on market:
814
These statistics are generated based on the current listing's property type
and located in
Northern Region. Average values are
derived using median calculations.