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23-360 Main Street
Wolfville
B4P 1C4
Office:
(902) 542-5772
- Status:
- Sold
- Sold Date:
- Nov 20, 2024
- Listed Price:
- $849,900
- Sold Price:
- $
- Sold in:
- 174 days
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202412159
This former motel has been converted between 2014 and 2017 into 11 one bedroom and one bachelor unit. At that time, electrical and plumbing were updated throughout. It is always full and is low maintenance. It has a paved parking lot and fronts Water Street, one of the main thoroughfares of Shelburne. There is also an additional office space that is currently rented by a hair salon. In the last year, the owner has performed more upgrades to renovate the salon and the tenants have been converted to pay their own utilities except for two units. This has made a significant positive impact to the bottom line
- Listing Sub-Area:
- 407-Shelburne County
- Property Type:
- Multi-Family
- Multi-Family Type:
- Over 12 Units
- Title To Land:
- Freehold
- Building Dimenions:
- IRR
- Lot Size:
- 0.832 acre(s)
- Prop Size:
- 0.5 to 0.99 Acres
- Commercial / Retail Space:
- No
- # of Rental Units / Occupied:
- 12
- Exterior Finish:
- Vinyl
- Foundation:
- Slab
- New Constr.:
- No
- Basement:
- None
- Floor Finish:
- Laminate, Tile
- Roof:
- Asphalt Shingle
- Heating:
- Baseboard
- Fuel:
- Electric
- Parking:
- Yes
- Parking Description:
- Paved
- Driveway:
- Paved
- Water Supply:
- Drilled Well
- Sewer:
- Municipal
- Num Units:
- 12
- Num Bachelor Units:
- 1
- Num 1 Bed Units:
- 11
- # Of Dryers:
- 1
- # Of Fridges:
- 12
- # Of Stoves:
- 12
- # Of Washers:
- 1
- Rental Income:
- Yes, 106800
- Laundry Income:
- 2160
- Approx. Net Income:
- 74664
- Insurance Expense:
- 2681
- Taxes Costs:
- 13340
- Maintenace:
- 11475.0
- Electricity Bill:
- 6800
- Approx. Total Expense:
- 34296
- Approx. Total Income:
- 108960
- Laundry
- School Bus Service, Shopping, Marina
- Stove, Refrigerator
- None
- None
- No
- Zoning:
- Res/ Gen Comm
- Possession Info:
- Negotiable
- Listed Date:
- May 30, 2024
- Days on Mkt:
- 174
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Listed by Royal Lepage Atlantic (Mahone Bay)
Data was last updated December 4, 2024 at 01:20 PM (UTC)
- Compliments of EXIT Realty Town & Country
- 1 (902) 765-3505
- Contact by Email