Calling all investors! Here is a fantastic investment opportunity in the sought-after, University town of Wolfville, Nova Scotia. This two-building, 6 unit opportunity has had perfect occupancy record, being on the Main Street of Wolfville, only a walk from Acadia University and all that downtown has to offer. The primary home is a Victorian build, with 3 bedroom, 1 bath unit on the main floor and a 3 bedroom, 1 bath unit on the second floor. With Laundry in one unit, there is also a common area space with another washer and dryer. The second building offers 4 x 1 bedroom units, 2 on the main level and 2 on the top level, the top levels come with a loft style of bedroom. This area is in high demand for local rentals, primarily students, who in the main building do shared accommodations. All units are equipped with a refrigerator and stove, included in the sale. Downtown Wolfville is a 5-minute walk away from local restaurants, shopping centres and bars. The local bus service is available and access to major Highway #101 is only a 5-minute drive away, where you will find Halifax and the Halifax international airport approximately an hour away. This fantastic investment opportunity has committed rent rolls for majority of the units until April 2024. The building has also been well maintained and prepped to sell, so future maintenance costs are expected to be lower going forward. Please allow 36 hours notice for showings.
Listing Sub-Area:
Kings County
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
Irregular
Lot Size:
15,681.6 sq. ft.1,456.868 m2
Prop Size:
0.5 to 0.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
6
Exterior Finish:
Wood Shingles, Vinyl
Foundation:
Concrete, Slab, Stone
Basement:
Undeveloped
Floor Finish:
Engineered Hardwood, Laminate, Linoleum
Roof:
Asphalt Shingle
Heating:
Baseboard, Forced Air
Fuel:
Electric, Oil
Parking:
Yes
Parking Description:
Behind the Main House
Driveway:
Paved
Water Supply:
Municipal
Water And Sewage:
$984.74
Sewer:
Municipal
Num Units:
6
Num 1 Bed Units:
4
Num 3 Bed Units:
2
# Of Dishwashers:
1
# Of Dryers:
2
# Of Fridges:
6
# Of Stoves:
6
# Of Washers:
2
Rental Income:
Yes, $95,700.00
Approx. Net Income:
$54,764.57
Insurance Expense:
$6,224.00
Taxes Costs:
$8,656.98
Other Costs:
$552.00
Snow / Garbage Collection:
$2,070.00
Heating Bill:
$6,713.29
Electricity Bill:
$7,734.42
Approx. Total Expense:
$40, 935.43
Approx. Total Income:
$95,700.00
Laundry, See Remarks
6 x Refrigerators, 6 x Stoves, 1 x Dishwasher, 2 x Washers, 2 x Dryers
Golf Course, Park, Playground, Public Transit, School Bus Service
Data was last updated March 29, 2023 at 07:20 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$470,000
Min list price:
$255,000
Max list price:
$1,099,900
Avg days on market:
58
Min days on market:
14
Max days on market:
351
These statistics are generated based on the current listing's property type
and located in
Kings County. Average values are
derived using median calculations.