137-139 Water, Pictou, NS

About 137-139 Water

Located at 137-139 Water Street, this remarkable four-unit property offers outstanding potential for investors and business owners alike. Situated in the vibrant and highly desirable waterfront district of Pictou, the property presents a rare blend of residential and commercial space—making it a valuable addition to any real estate portfolio. Just steps from the scenic Pictou Harbour, it enjoys a prime location beside the high-performing Arts Centre and the newly expanded public library. The property also backs directly onto the popular Jitney Trail, offering unmatched access to both cultural attractions and recreational amenities. The ground floor features a commercial unit currently in use—perfect for businesses seeking high visibility and foot traffic. Also on the ground level is a vacant, cozy two-bedroom unit with in-suite laundry, offering excellent flexibility for residential or commercial conversion. Two additional one-bedroom units are currently rented on fixed-term leases, providing immediate and stable rental income. Enjoy breathtaking harbor views right from your back patio—an ideal setting to relax and take in the waterfront charm. All tenants are responsible for their own utilities, keeping operating costs low. The property is well maintained and includes a durable metal roof, numerous updated windows, and five efficient heat pumps (including one in the basement) for year-round comfort. A propane stove adds an extra layer of convenience during power outages. This is Pictou living at its finest—don’t miss the chance to own a truly versatile and income-generating property in one of Nova Scotia’s most scenic and growing communities.

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