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Investment signal

$399,900

119 Brickyard Road

Save this home

Beds

Baths

Sqft

Year

1998

Type

Multi-family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Pugwash. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Nestled in the picturesque village of Pugwash, Nova Scotia, this remarkable triplex offers a unique blend of historical charm and modern convenience. Built in 1997 by the current owner, this property exudes an upscale old-school elegance reminiscent of the grand historic homes found throughout Nova Scotia. The beautifully landscaped grounds and manicured lawn provide a serene setting, with expansive views of the Pugwash Harbor visible from many windows and the yard. Take a two minute walk from your door step and you will find a spectacular sandy beach in one direction and the Brick Yard Marina and Pugwash yacht club in the other. The two lower-level units are a mirror image of one other, featuring a thoughtful two-bedroom, two-bathroom layout. These units include a half-bath on the main floor and a full four-piece bath on the lower level, making them both practical and comfortable for tenants. The upper unit also features two spacious bedrooms, creating a versatile living space that can cater to various needs, whether for extended family, guests, or additional rental income. This property represents an outstanding investment opportunity, with significant potential to increase market rents or undertake renovations to further enhance its value. Currently, the units are rented below fair market value, highlighting the potential for improved revenue. For those interested in short-term rentals, the property is ideally suited for use as an Airbnb, allowing for a seamless operation. Spanning 3,300 square feet of finished living space, this triplex offers ample room and versatility. Its location in Pugwash, a well-known vacation destination, adds to its appeal, making it perfect for a family looking for an investment property that doubles as a vacation home. The expansive harbor views and charming setting ensure that this property will attract both long-term tenants and vacationers alike, making it a truly exceptional offering in the Nova Scotia real estate market. (id:65958)

Subtype
Multi-family
Structure
Triplex
Community
Pugwash
Common interest
Freehold
Lot size
0.8 acres
Lot dimensions
0.7995
On market
Apr 20, 2026
Status changed
Apr 22, 2026
Photos
46
MLS#
202607943
Area
PUGWASH

Features and systems

Parking

Gravel

Exterior

Wood siding

Flooring

TileHardwoodLaminateCarpetedLinoleum

Foundation

Concrete Perimeter

Lot

Balcony

Community

School Bus

View

Ocean viewView of waterHarbour

Utilities

Cable Available
Negative cash flow ~$104/mo at these assumptions

Cash on cash

-1.56%

Cap rate

4.55%

GRM

13.9

Break-even rent

$2,510

Financing

Down payment$79,980
Loan amount$319,920
Mortgage$1,621/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$183
Insurance$80
Maintenance$333
CapEx reserve$167
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,621/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.

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