For Sale: 18 Gaspereau Avenue, Wolfville, NS

About this home

Exceptional income potential meets strategic development upside in the heart of the Acadia University student housing district in the historic downtown of Wolfville. This prime location fourplex offers a rare combination of immediate stability and long term growth within Wolfville's high demand rental market. The property consists of two spacious two bedroom units and two efficient bachelor units, all benefiting from a remarkable track record of zero vacancies over the past 26 years. Financial performance is robust with 2025 gross rents at $56,820 and 2025 Net Operating Income (NOI) of $43,728. The building is highly efficient with electric baseboard and ductless mini split heating. Each unit is individually metered and paid for by the tenants. While currently providing stable cash flow, the in place rents sit below market, offering a clear path to increased NOI through natural turnover and light cosmetic upgrades to kitchens and finishes. Whether you are looking for a reliable hold for cash flow or an ideal developer pipeline asset, this property allows you to generate strong returns while navigating the design and permitting process for future intensification. Secure your foothold in one of the most consistent rental markets in the province and get paid to wait for the next phase of Wolfville's downtown evolution. (id:63626)

Listed by: Kevin Scott, Royal LePage Atlantic (New Minas)

Home facts and features

Price details

List Price

$549,900

Home facts

Bedrooms

Full Bathrooms

Parking Details

Gravel

Property Type

Multifamily

Lot Size

7000 ft²

Depth

Title

Freehold

Exterior Finish

Vinyl

Heating Type

Heat Pump, Baseboard heaters, Electric, Ductless

Appliances

Refrigerator, Stove

Agent details

Primary Agent

Kevin Scott

Primary Broker

Royal LePage Atlantic (New Minas)

Listing details

Days on REW

43 Days

MLS® Number

202609410

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 100km

Riverside Consolidated School

n/a
K - 5
In Catchment

Salem Elementary School

n/a
K - 4
In Catchment

Marshview Middle School

n/a
5 - 8
In Catchment

Sackville Christian Academy

n/a
K - 12
In Catchment

Dorchester Consolidated School

n/a
K - 8
In Catchment

Tantramar Regional High School

n/a
9 - 12
In Catchment

Caledonia Regional High School

n/a
6 - 12
In Catchment

Hillsborough Elementary School

n/a
K - 5
In Catchment

St. Martins School

n/a
K - 5
In Catchment

École Abbey-Landry

n/a
K - 8
In Catchment

18 Gaspereau AvenueWolfville, NS, B4P 2C4