For Sale: 18 Gaspereau Avenue, Wolfville, NS

About this home

Exceptional income potential meets strategic development upside in the heart of Wolfvilles historic downtown. This prime-location fourplex offers a rare combination of immediate stability and long-term growth within Wolfvilles high-demand rental market. The property consists of two spacious two-bedroom units and two efficient bachelor units, supported by a remarkable 26-year track record of consistent occupancy. The current rent roll totals $4,410 per month, representing $52,920 in annualized gross rental income. Each unit is individually metered, with tenants responsible for electricity, supporting efficient and predictable operating costs. Detailed income and expense information is available to qualified buyers. The property also offers opportunities to strengthen future income through natural turnover and targeted cosmetic improvements to kitchens and interior finishes. Whether you are looking for a reliable long-term rental investment or a strategic development pipeline asset, this property allows you to generate income while navigating the design and permitting process for future intensification. Secure your foothold in one of Nova Scotias most consistent rental markets and get paid to wait for the next phase of Wolfvilles 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

117 Days

MLS® Number

202609410

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

4 Schools are within 4km

Wolfville School

n/a
K - 8

Landmark East School

n/a
3 - 12

Gaspereau Valley Elementary School

n/a
K - 5

Horton High School

n/a
9 - 12

18 Gaspereau AvenueWolfville, NS, B4P 2C4