Welcome to the Oakes House a landmark Queen Anne Revival property ideally located just steps from Acadia University and downtown Wolfville. This fully leased, income-generating multi-unit gem offers investors a rare opportunity to acquire a character-rich property with strong, consistent returns. The main house spans three floors, each configured as a separate 3-bedroom units, each, fully rented. In addition, a charming 3-bedroom unit in the detached Carriage House completes the offering. In total, this well-managed property comprises 4 rentable units. All tenants are secured under new, annual fixed-term leases signed in May 2025, offering immediate cash flow and stability for the new owner. With an annual gross income exceeding $100,000, this is a robust addition to any real estate portfolio. Set on an expansive lot with development potential on the north side of the property, there is room to expand or explore additional uses (subject to municipal approvals). Combining timeless architecture, strong financials, and unmatched proximity to one of Nova Scotia's premier university towns, this is a rare and rewarding opportunity not to be missed.
Travelling East on Hwy 1 (Main St), turn right up Gaspereau Avenue, right onto Prospect and the property will be on your left.
Data was last updated May 10, 2025 at 09:20 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$429,000
Min list price:
$260,000
Max list price:
$5,525,000
Avg days on market:
24
Min days on market:
1
Max days on market:
442
These statistics are generated based on the current listing's property type
and located in
Kings County. Average values are
derived using median calculations.