499 Main Street
405-Lunenburg County Mahone Bay B0J 2E0

$649,900
Multi-Family built: 1896

Front Of Structure
Photo 1: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 2: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 3: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 4: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 5: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 6: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 7: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 8: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 9: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 10: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 11: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 12: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 13: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 14: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 15: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 16: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 17: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 18: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 19: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 20: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 21: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 22: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 23: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 24: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 25: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 26: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 27: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 28: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 29: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 30: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 31: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 32: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 33: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 34: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 35: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Photo 36: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202602905
Year Built:
1896
This well-maintained triplex in the charming town of Mahone Bay presents an exceptional investment opportunity with flexible owner-occupancy options. The property features three distinct units: two on the ground floor (one 1-bedroom and one 2-bedroom unit, currently vacant) and a 2-bedroom unit upstairs, each equipped with separate electrical and water meters ensuring tenants pay their own utilities and minimizing landlord operating expenses. Located in one of Nova Scotia's most desirable coastal communities, the property offers walkable access to Mahone Bay's picturesque waterfront, unique shops, restaurants, and vibrant community events, making it highly attractive to both renters and potential owner-occupiers. The owner-occupancy option provides a compelling advantage, allowing you to live in one unit while generating rental income from the other two, effectively reducing your personal housing costs while maintaining hands-on property management and potentially qualifying for tax benefits. With stable rental demand driven by Mahone Bay's historically low vacancy rates, tenant-paid utilities, dedicated parking for all units, and strong potential for long-term appreciation in this thriving coastal market, this triplex represents a rare opportunity to establish yourself in a sought-after community while building equity through a sound real estate investment that offers both immediate cash flow and future growth potential.
Main Street Mahone Bay next to the Town Hall
Listing Sub-Area:
405-Lunenburg County
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
37 x 25
Outside Dimenions:
37 x 25
Lot Size:
6,534 sq. ft.
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
2
Year built:
1896 (Age: 130)
Age:
130
Exterior Finish:
Vinyl
Foundation:
Stone
Basement:
Partial, Undeveloped, Walkout
Floor Finish:
Laminate, Softwood
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Parking:
Yes
Parking Description:
Gravel
Driveway:
Gravel
Water Supply:
Municipal
Water And Sewage:
Tenant
Sewer:
Municipal
Num Units:
3
Num 1 Bed Units:
1
Num 2 Bed Units:
2
# Of Dryers:
2
# Of Fridges:
3
# Of Stoves:
3
# Of Washers:
2
Rental Income:
Yes, 51000
Approx. Net Income:
41950
Insurance Expense:
2300
Taxes Costs:
6450
Maintenace:
300.0
Heating Bill:
Tenant
Electricity Bill:
Tenant
Approx. Total Income:
51000
None
No
Zoning:
Res/Com
Possession Info:
Negotiable
Elementary School:
Bluenose Academy
High School:
Bay View High School
Middle School:
Bluenose Academy
Listed Date:
Days on Mkt:
  • Photo 1: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Front Of Structure
  • Photo 2: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Front Of Structure
  • Photo 3: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Front Of Structure
  • Photo 4: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Back Of Structure
  • Photo 5: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Front Of Structure
  • Photo 6: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Back Of Structure
  • Photo 7: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Community
  • Photo 8: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Bedroom
  • Photo 9: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Bedroom
  • Photo 10: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Bedroom
  • Photo 11: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Hallway
  • Photo 12: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Bedroom
  • Photo 13: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Bathroom
  • Photo 14: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Kitchen
  • Photo 15: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Kitchen
  • Photo 16: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Kitchen
  • Photo 17: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Kitchen
  • Photo 18: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Bathroom
  • Photo 19: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Bonus Room
  • Photo 20: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Bathroom
  • Photo 21: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Bathroom
  • Photo 22: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Entry
  • Photo 23: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Storage
  • Photo 24: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Hallway
  • Photo 25: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Bathroom
  • Photo 26: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Bedroom
  • Photo 27: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Dining Area
  • Photo 28: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Living Room
  • Photo 29: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Kitchen
  • Photo 30: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Kitchen
  • Photo 31: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Kitchen
  • Photo 32: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Living Room
  • Photo 33: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Hallway
  • Photo 34: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Entry
  • Photo 35: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Floor Plan
  • Photo 36: 499 Main Street in Mahone Bay: 405-Lunenburg County Multi-Family for sale (South Shore)  : MLS®# 202602905
    Floor Plan

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Listed by Century 21 Optimum Realty
Data was last updated February 18, 2026 at 07:20 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$749,000
Min list price:
$229,900
Max list price:
$1,680,000
Avg days on market:
149
Min days on market:
6
Max days on market:
1,171
These statistics are generated based on the current listing's property type and located in South Shore. Average values are derived using median calculations. This data is not produced by the MLS® system.