Nestled in the heart of downtown Annapolis Royal, directly across from the renowned Fort Anne National Historic Site, this exceptional investment property seamlessly blends historic charm with modern efficiency. The building comprises three ground-level, high-traffic commercial units that enjoy steady footfall from the bustling tourist scene, along with a convenient ground-level apartment, four spacious second-level apartments, and a well-organized self-storage facility in the basement. Recently updated with all vinyl windows and fresh exterior paint, the property exudes curb appeal while ensuring energy efficiency and low maintenance. A portion of the roof has also been recently replaced, adding to the overall durability and upkeep of the building. Inside, high ceilings and superior construction are complemented by meticulous maintenance. Each unit features separate power meters, facilitating straightforward management and billing. The commercial units are further enhanced with modern heat pumps, offering efficient heating and cooling solutions. Boasting an established history of excellent tenants and robust rental performance, this property represents a rare opportunity for investors seeking a turn-key operation with solid financials from day one. Whether you aim to expand your portfolio or secure a prime piece of Annapolis Royal real estate, this property promises consistent returns and a strategic location that leverages both local and tourist traffic.
Listing Sub-Area:
Annapolis County
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
74' x 62'
Lot Size:
8,551 sq. ft.794 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
Yes
# of Rental Units / Occupied:
8
Year built:
1922
(Age: 103)
Age:
102
# Floors:
2
Exterior Finish:
Wood Siding
Foundation:
Concrete, Stone
Basement:
Full, Fully Developed
Floor Finish:
Hardwood, Vinyl
Roof:
Rolled
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Garage Description:
Attached Single
Parking:
Yes
Parking Description:
4 spaces and road
Driveway:
Paved
Water Supply:
Municipal
Water And Sewage:
1310
Sewer:
Municipal
Num Units:
8
Num 1 Bed Units:
4
Num 2 Bed Units:
1
# Of Dishwashers:
2
# Of Dryers:
5
# Of Fridges:
5
# Of Microwaves:
1
# Of Stoves:
5
# Of Washers:
5
Rental Income:
Yes, 93144
Approx. Net Income:
77838
Insurance Expense:
4,696
Taxes Costs:
6972
Electricity Bill:
2328
Approx. Total Expense:
15306
Approx. Total Income:
93144
Air Conditioning, Storage
Appliances in all units (FSWD x5, DW x1)
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship, Beach
Data was last updated February 22, 2025 at 01:20 PM (UTC)
Area Statistics
Listings on market:
41
Avg list price:
$399,900
Min list price:
$199,995
Max list price:
$5,525,000
Avg days on market:
114
Min days on market:
3
Max days on market:
612
These statistics are generated based on the current listing's property type
and located in
Annapolis Valley. Average values are
derived using median calculations.