ScotianAtlas
MapFOR SALE · 196DMLS® 202614340 · PID 15658537

507 King Street

Whole multi-unit property
$725,000
BEDS · BATHS3SQUARE FEETNot measured$ / SQFTNot measuredASSESSED 2026$329,400
LISTED BYJenessa Macinnis · RE/MAX Park Place Inc.
1WHAT IT ISPHOTOS AND THE FACTS THAT DECIDE
PHOTOSMLS® MEDIA © LISTING BROKERAGE
ON THE RECORDRELISTED · 196D SHOWN, 196D TRUEMLS® HISTORY
THE PHYSICAL RECORDMLS®
Beds3
Lot19,502 sqft lot
ABOUT THIS HOMETHE LISTING BROKERAGE’S OWN WORDS

A rare opportunity offering exceptional space, versatility, and value. With over 3,800 sq ft of quality-built living space on an impressive 19,500sqft (0.45 acre) corner lot, this property presents endless possibilities for homeowners, investors, or entrepreneurs alike. Fully Renovated in 2009, the main residence spans approximately two-thirds of the building and is thoughtfully designed for comfortable, one-level living with wide hallways, generous entryways, and a seamless layout make this home both functional and inviting. The spacious kitchen is a standout feature, complete with quality cabinetry, ample counter space, and a large pantry, flowing naturally into the bright dining area filled with natural light. The living room offers a built-in entertainment centre and fireplace, creating a warm and welcoming atmosphere. This section includes 3 bedrooms and 2 full bathrooms, including a well-appointed primary suite featuring custom closet organization and a private ensuite with both a shower and soaker tub. In-floor heating throughout the main living area ensures year-round comfort. Additional highlights include a massive mudroom, abundant storage, an attached garage/workshop, and access to a private back patio ideal for outdoor enjoyment. The remaining portion of the building, previously operated as a clinic, offers incredible flexibility. With its own entrances, parking access, laundry, bathroom, reception area, office space, and storage rooms, this area could easily be converted into a secondary residential unit, in-law suite, rental opportunity, or continued commercial use. Separate power meters and heating systems allow for independent operation and billing. Positioned on a high-visibility corner lot with parking available at the front, side, and rear, this property is perfectly suited for a live-work setup or income-generating investment. A property of this size, quality, and versatility at this price point is truly a rare find.

2WHAT IT IS WORTHGOVERNMENT RECORD · 9 YEARS · NO ESTIMATE
ASSESSMENT RECORDPVSC · 2022–2026 · GOVERNMENT RECORD, NOT AN ESTIMATE
2022$276,4002023$301,9002024$329,4002025$306,9002026$329,400

Latest assessment $329,400 vs asking $725,000. A government record, not an estimate — ScotianAtlas computes no consumer valuation.

Five most recent assessment years held — the full depth of the published PVSC roll. Nothing is withheld by tier here: no account or membership opens a longer series.

HISTORYREGISTRY SALES OPEN TO EVERYONE · MLS® EVENTS FROM 2026
FEB 20 2026Listed$725,000MLS® 202614340
MAR 29 2018Sold$125,000REGISTRY OF DEEDS

MLS® + REGISTRY — every relist, cut, and recorded sale, no wall. The incumbent reserves this table for its clients.

VALUE & TAXESPVSC · GOVERNMENT RECORD
Assessed market · 2026$329,400
Taxable (capped)$225,900
Cap shelter+$103,500
Est. property tax · 2026$3,602/yr

Taxed on $225,900 of a $329,400 assessment$103,500 sheltered by the NS assessment cap, at $1.595 per $100.

ASSESSMENT IN CONTEXTPVSC · GOVERNMENT RECORD
New Waterford median · 2026$110,500
This property$329,400 — in the top tenth
Change 2025 → 2026+$22,500 (+7.3%)

2026 assessments in New Waterford run $4,900 to $235,700 (10th–90th percentile, 3,251 properties). Position within the distribution is a fact of the roll, not an opinion of value.

3WHAT IT COSTS TO OWNARITHMETIC ON PUBLISHED RATES — NOT A QUOTE
OWNING THIS HOME · 20% DOWN · 5% · 25 YRCOMPUTED FROM GOVERNMENT RECORDS · NOT A VALUATION
MONTHLY, ALL IN$3,811MORTGAGE $3,373 · TAX $438/MO
TAX, YEAR ONE$5,252+$1,650 — THE CAP RESETS
CASH TO CLOSE$155,875DOWN $145,000 · DTT $10,875

ARITHMETIC ON PUBLISHED RATES — NOT A QUOTE, NOT ADVICE · LEGAL FEES AND ADJUSTMENTS ARE EXTRA AND NOT ON RECORD · SNS DEED-TRANSFER LIST JULY 2026

Listed by Jenessa Macinnis · RE/MAX Park Place Inc. · MLS® data © Nova Scotia Association of REALTORS®.NOTHING HERE IS PAID PLACEMENT

https://www.scotianatlas.com/listing/202614340 · Retrieved Sep 4, 2026 · NOT A LEGAL SURVEY