7402 3 Highway, Martins River, (MLS® 202620769) REMAX NOVA
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7402 3 Highway, Martins River

$589,000 For Sale

Description

Located just minutes from the town of Mahone Bay, this multi-unit apartment house in the heart of Martins River has had numerous upgrades in recent years including: roofing (metal and asphalt) drywall, kitchens, baths, flooring and ductless heat-pumps. The building consists of five one-bedroom units totaling 2,600 sq. ft. with all units fully occupied. The property has ample parking, a large back yard and adjacent the building a 24 ft. by 24 ft detached garage. The land is comprised of two side-by-side lots: one occupied by the building consisting of 15,500 sq. ft. of level land and the second vacant parcel consisting of 25,800 sq. ft. for a total of just under one acre of land. This property would lend itself for further expansion - either for residential use or for any number of commercial enterprises. The convenient location has always insured stable occupancy and revenue.

Listing Details

Address
7402 3 Highway, Martins River, B0J 2E0

Status
ACTIVE
Listing Price
$589,000
MLS®
202620769
Type
n/a
Style
---
Age
75
PID
60106440

Water
Drilled Well
Sewer
Septic
Utilities
---

Building Specifications

Foundation Type
Concrete
Roof
Metal
Exterior Finish
Vinyl
Flooring
Carpet,Laminate,Tile,Vinyl

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Garage & Parking

Garage
Y
Details
Garage 24 ft by 24 ft

Inclusions & Exclusions

Inclusions
Five fridges and five stoves.

Sales History

Demographic Data

Demographic data is based on the dissemination area that contains the listing parcel . Dissemination Areas are small areas composed of one or more neighbouring dissemination blocks. All of Canada is divided into dissemination areas. Data source: Environics Analytics via ArcGIS Online, 2021

Population Size

890

Median Age

50.9

Avg Household Size

2.3

Avg House Income

$59K

The number of people for each age range.

How the population of this area is expected to change.

The highest level of education obtained by people within this area.

The maritial status of the people in this area.

The average household income within this area.

The number of people that rent versus own.

When the buildings in the area were constructed.

The number of children at home for the given age ranges.

The occupations of the people living here.

Tax Assessment

Year Amount % Change
2024 $317,500 ---
2023 $301,300 ---
2022 $222,700 ---
2021 $215,900 ---
2020 $216,200 ---
2019 $225,500 ---
2018 $219,300 ---
2017 $222,300 ---
2016 $234,100 ---
2015 $235,000 ---
2014 $232,300 ---
2013 $229,700 ---
2012 $230,200 ---

Maps

Mortgage Inquiries

Last Updated On: 8/18/2026 12:02:59 AM (UTC)