540 Main Street
Annapolis County
Lawrencetown
B0S 1M0
$424,500
Residential
beds: 6
baths: 5.0
2,592 sq. ft.
built: 1907
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 202615296
- Bedrooms:
- 6
- Bathrooms:
- 5
- Year Built:
- 1907
- Photos (30)
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Income property and equity-building opportunity in picturesque Lawrencetown: a beautifully maintained two-storey century home thoughtfully converted to a seven-unit residential suite home with furnished, move-in-ready accommodations for mature tenants on fixed-term leases. With approximately $65,700 gross potential annual income and a stable, professionally managed tenant base drawn from nearby College of Geographic Sciences and the local mature community, this property offers the rare advantage of letting others pay your mortgage while you build equity and create meaningful housing solutions in Nova Scotia. The home features five bathrooms (three are ensuites), all units sharing a common kitchen facility, and recently upgraded infrastructure that speaks to quality and longevity: roof (2025), fresh exterior paint and siding, 200-amp electrical panel, and water heaters (2024). Full municipal water and sewer. A ground-level eighth suite could very easily be created if desired, offering upside potential for income expansion. The exceptional 0.31-acre riverfront lot borders the serene Annapolis River with a peaceful sitting area overlooking the water-a rare amenity in multi-unit investments and a valued retreat for tenants and owners alike. The building's solid construction and excellent overall condition mean it could easily revert to single-family use, adapt to alternative income models, or serve multiple families sharing expenses-depending entirely on your vision. WETT-certified wood stove insert provides supplemental heating. All appliances and nearly all furnishings remain with the property, ensuring ease of consistent occupancy and turnover. Whether you are seeking to enter the income property market, expand an existing portfolio, or address the housing demands facing the Valley, this property delivers reliable returns, professional operations, and the satisfaction of providing quality housing to those in genuine need of stable accommodation. A rare find!
- Main Street (Highway 1) Lawrencetown
- Listing Sub-Area:
- Annapolis County
- Property Type:
- Residential
- Residential Type:
- Single Family
- Residential Style:
- Detached
- Title To Land:
- Freehold
- Home Style:
- 2 Storey
- Exterior Finish:
- Vinyl, Wood Siding
- Year built:
- 1907 (Age: 119)
- Age:
- 119
- Bedrooms:
- 6
- Bedrooms Above Grade:
- 6
- Bedrooms Below Grade:
- 0
- Full Bathrooms:
- 5
- Half Bathrooms:
- 0
- Main Living Area:
- 2,592 sq. ft.241 m2
- Floor Area:
- 2,592 sq. ft.241 m2
- Building Dimenions:
- 32x28 + 24x14 + 8x4 + 8x4
- Prop Size:
- Under 0.5 Acres
- Lot Size:
- 13,560 sq. ft.1,260 m2
- Zoning:
- R2
- Water Type:
- Fresh Water
- Water Supply:
- Municipal
- Sewer:
- Municipal
- Foundation:
- Stone
- Floor Finish:
- Hardwood, Laminate, Softwood, Tile
- Roof:
- Asphalt Shingle
- New Constr.:
- No
- Basement:
- Full, Undeveloped, Walkout
- Heating:
- Baseboard, Forced Air, Heat Pump -Ductless
- Fuel:
- Electric, Oil
- Utilities:
- Electricity, High Speed Internet, Other
- Garage:
- None
- Driveway:
- Gravel, Multiple Driveways, Parking Spaces(s)
- Floor
- Type
- Size
- Other
- Main Floor
- Foyer
- 13'5"4.08 m × 9'4"2.83 m
- Main Floor
- Living Room
- 14'2"4.33 m × 13'8"4.18 m
- + 7.8 x 3.5
- Main Floor
- Kitchen
- 20'6"6.25 m × 15'4"4.66 m
- (incl dining)
- Main Floor
- Mud Room
- 11'5"3.47 m × 10'6"3.20 m
- 2nd Level
- Den/Office
- 11'8"3.57 m × 7'7"2.32 m
- + 7.8 x 3.7
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- -
- 8'1" x 5'2"
- Ensuite Bath, Secondary Suite, Wood Stove(s), See Remarks, 1758
- Deck
- All appliances & majority of furniture
- Tenant personal items, outdoor furniture
- None
- Stove, Dishwasher, Refrigerator
- Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship, Beach
- Landscaped, Stream/Pond, Wooded/Treed, Year Round Road
- River
- Yes
- 40'12.2 m
- Access: River Front, View: River
- Rental Income:
- Yes
- Possession Info:
- Negotiable
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Listed by RE/MAX Banner Real Estate(Greenwood)
Data was last updated October 10, 2026 at 03:20 AM (UTC)
Area Statistics
- Listings on market:
- 263
- Avg list price:
- $378,000
- Min list price:
- $75,000
- Max list price:
- $3,295,000
- Avg days on market:
- 88
- Min days on market:
- 1
- Max days on market:
- 1,002
- Avg price per sq.ft.:
- $244.29
These statistics are generated based on the current listing's property type
and located in
Annapolis County. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- MARK BURGESS
- Royal LePage Atlantic (Greenwood)
- 1 (902) 6907652
- Contact by Email



