Known as 'The Gables' this beautiful and historic (early to mid 1800's) four-plex offers the finest apartments in Annapolis Royal. This wonderful, classic building has a stately curb appeal and presence in this town. Excellent rental history with high-quality tenants; there is rarely a vacancy for these sought-after character-filled apartments. Averaging ~1200sqft per unit there is ample space in each 2 bedroom apartment; wide hallways, large rooms & high ceilings, and each has windows in 3 cardinal directions. All units boast gleaming real hardwood floors, a handsome fireplace (non-functional), spacious bedrooms, dining room & living room (most 15'+ x 18'+). Many upgrades through the years, including new roof (2023), exterior paint (2024), interior paint, vanities, LED lighting, plumbing, fire alarm system, and more. Plenty of paved parking outside for tenants & guests on this spacious lot with lovely landscaping and old stone walls. This is a PRIME building in a PRIME location! Easy walking distance to health centre, school, historic gardens, churches, restaurants/cafes/bakeries, museums, pool, theatre, walking trails, amphitheatre, and all other amenities offered in historic & vibrant Annapolis Royal. Municipal water/sewer. Fibre-op internet is available. A very special investment opportunity to carry forward 'The Gables' honoured legacy - you could perhaps even live in one of the apartments if you're lucky enough that one becomes available!
Listing Sub-Area:
Annapolis County
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
(49'x72') - (jog 35'x13')
Outside Dimenions:
(49'x72') - jog (25'x13')
Lot Size:
0.615 acre(s)0.249 hectare(s)
Prop Size:
0.5 to 0.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
4
Year built:
1870
(Age: 154)
Age:
154
# Floors:
2
Exterior Finish:
Vinyl, Wood Siding
Foundation:
Stone
Basement:
Crawl Space, Partial, Undeveloped
Floor Finish:
Ceramic, Hardwood
Roof:
Asphalt Shingle
Heating:
Heat Pump -Ductless, Hot Water
Fuel:
Oil
Parking:
Yes
Parking Description:
Paved, Spaces - two spaces per unit
Driveway:
Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
$968.49
Sewer:
Municipal
Num Units:
4
Num 2 Bed Units:
4
# Of Dishwashers:
1
# Of Dryers:
3
# Of Fridges:
4
# Of Stoves:
4
# Of Washers:
3
Rental Income:
Yes, $71,550
Approx. Net Income:
$41,822
Insurance Expense:
$3,224
Taxes Costs:
$6,149
Snow / Garbage Collection:
$483
Heating Bill:
$15,607
Electricity Bill:
$668.71
Approx. Total Expense:
$29,728
Approx. Total Income:
$71,550
FS x 4, DW x 1, WD x 3
Golf Course, Park, Playground, Public Transit, School Bus Service, Shopping, Marina, Place of Worship, Beach
Data was last updated November 2, 2024 at 05:20 AM (UTC)
Area Statistics
Listings on market:
45
Avg list price:
$444,444
Min list price:
$168,500
Max list price:
$5,525,000
Avg days on market:
70
Min days on market:
1
Max days on market:
499
These statistics are generated based on the current listing's property type
and located in
Annapolis Valley. Average values are
derived using median calculations.