12-22 Penwood Lane

Property Description

Rare opportunity to acquire a newly built six-unit bungalow townhouse building, offering a total of 6 modern residential units designed for long-term rental appeal, low-maintenance ownership, and strong tenant demand. Less than five years old, these slab-on-grade units provide investors with the confidence of newer construction, efficient systems, and a highly marketable unit mix. Each unit features a bright and functional bungalow-style layout with 2 bedrooms, 2 full bathrooms, an attached garage, stainless steel appliances, stone countertops, and a ductless heat pump providing efficient heating and cooling year-round. The single-level design appeals to a wide range of tenants, including downsizers, professionals, small families, and those seeking accessible, low-maintenance living. With modern finishes, private garages, and individual townhouse-style entrances, this offering stands apart from traditional apartment-style rentals. The combination of newer construction, desirable layouts, and durable finishes helps support tenant retention while reducing the capital improvement concerns often associated with older multi-unit assets. Purpose-built for today's rental market, this is an excellent opportunity for investors seeking a stabilized, turnkey multi-residential asset with strong curb appeal, efficient operation, and long-term income potential. Units are currently at 100 percent occupancy! **Additional 6-units also available. Option for mortgage assumption or share sale to save on fees and streamline the process!

Overview

Property Status

For Sale

Lot Size

1.32 Acres

MLS ID

202609109

Property Type

Multi-Family

Year Built

2023

Are you interested?

Schedule a Tour

or Contact

Ian Smith

(902) 430-5610 [email protected]

Mariana Cowan

(902) 406-8560 [email protected]

Features & Amenities

Neighborhood

Hammonds Plains

Stories

Water Source

Municipal

Utilites

Electricity Connected

Roof

Asphalt

Lot Features

1 to 299 Acres

Parking

Gravel

Heat Type

Baseboard, Ductless

Laundry Room

Laundry

Appliances

Stove, Dishwasher, Dryer, Washer, Microwave, Refrigerator

Sewer

Septic Tank

Substructure

Slab

Disability Features

Wheelchair Access

Elementary School

Hammonds Plains Consolidated Elementary School

Middle School

Madeline Symonds Middle School

High School

Charles P Allen High School

Sales Price

$2,325,000

Zoning

GU-1

Are you interested?

Schedule a Tour

or Contact

Ian Smith

(902) 430-5610 [email protected]

Mariana Cowan

(902) 406-8560 [email protected]

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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for your interest in 12-22 Penwood Lane, Upper Hammonds Plains, NS B4B 2J1, CA

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