Ideal investment property, in a perfect location, just steps to Acadia University and downtown Wolfville. Beautiful views with development potential for another income property to maximize your investment. The property is currently set up as three units, with a 6 bedroom, a 3 Bedroom and 2 bedroom. The building is solid construction and has been well maintained with many recent upgrades including a large part of the roof reshingled in 2023, new furnace, new chimney liner & hot water tank in recent years. All wood on the exterior has been repainted and some new windows were installed in 2021. Some units have had new kitchens, some new flooring, and fixtures. Laundry is on-site which is an added bonus for the tenants and the washers and one of the 2 dryers was new in 2021. The walkway to Apt 3 was also done in 2021. More details are available for serious inquiries. Leases are : Apt 1 the 6 bedroom May 2025, Apt 2 August 2025, Apt 3 May 2025.
Listing Sub-Area:
Kings County
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
2 storey irregular
Lot Size:
13,560 sq. ft.1,260 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
3
Exterior Finish:
Aluminium Siding, Masonite/Colour Lock
Foundation:
Concrete
Basement:
Fully Developed, Walkout
Floor Finish:
Hardwood, Laminate
Roof:
Asphalt Shingle
Heating:
Baseboard, Other
Fuel:
Electric, Oil
Parking:
Yes
Parking Description:
multiple
Driveway:
Gravel, Paved
Water Supply:
Municipal
Water And Sewage:
924.24
Sewer:
Municipal
Num Units:
3
Num Bachelor Units:
6
Num 2 Bed Units:
1
Num 3 Bed Units:
1
# Of Dryers:
2
# Of Fridges:
3
# Of Stoves:
3
# Of Washers:
2
Rental Income:
Yes, 89,503.80
Approx. Net Income:
62,587.48
Insurance Expense:
4,200
Taxes Costs:
7,130.08
Other Costs:
299.40
Snow / Garbage Collection:
2,155.68
Heating Bill:
5,722.92
Electricity Bill:
6,484.00
Approx. Total Expense:
26,916.32
Approx. Total Income:
89,503.80
Laundry
3 fridges, 3 stoves, 2 washers, 2 dryers
Park, Public Transit, School Bus Service, Shopping
Listed by Keller Williams Select Realty (Kentville)
Data was last updated December 6, 2024 at 05:20 PM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$438,450
Min list price:
$299,900
Max list price:
$5,525,000
Avg days on market:
60
Min days on market:
8
Max days on market:
287
These statistics are generated based on the current listing's property type
and located in
Kings County. Average values are
derived using median calculations.