About this home

A unique five-unit income property in the heart of Annapolis Royal, offering flexibility for investors or owner-occupiers looking to offset living expenses with rental income. Fully occupied with an established rental history, the property includes a spacious three-bedroom residence plus four self-contained one-bedroom apartments. The four apartments are positioned separately toward the rear of the building, providing separation from the main residence. Updates have been completed throughout the units over time, including flooring and bathroom improvements. Furnishings may be included based on inventory attached to each lease. Established tenants, a history of low vacancy, strong revenue and low operating costs provide a solid foundation for continued rental income, with financial information available for review. The three-storey residence offers a custom kitchen with quartz countertops and near-new appliances, formal dining room, two living areas, renovated bathrooms, private owners laundry and generous storage. Original woodwork, maple floors, arched bay windows, 10-foot ceilings and a Victorian staircase add distinctive character. Additional features include seven ductless heat pumps, a generator panel, municipal water and sewer, separate coin-operated laundry for tenants, paved multi-unit parking and attached storage. Directly across from the Annapolis Royal Historic Gardens and just two blocks from the waterfront, shops, restaurants, galleries, museums, trails and amenities are all within walking distance. Whether youre seeking an established investment or a spacious home where four rental units can help offset expenses, this property offers income potential, flexibility and an exceptional central Annapolis Royal location. (id:63626)

Listed by: Rowan Duprey, Royal LePage Atlantic (Greenwood)

Home facts and features

Price details

List Price

$847,000

Home facts

Bedrooms

Full Bathrooms

Partial Bathrooms

Parking Details

Parking Space(s), Paved Yard

Property Type

House

Lot Size

23247 ft²

Depth

Year Built

Built in 1876 (150 yrs old)

Title

Freehold

Exterior Finish

Wood siding

Heating Type

Heat Pump, Electric, Propane, Hot Water, Ductless

Cooling

Wall unit, Air Conditioned

Basement Details

Unfinished, Full

Features

Level, Sump Pump, Walk-In Closet

Amenities

Entry less than 3 steps

Appliances

Dishwasher, Dryer, Refrigerator, Stove, Washer, Water meter

Agent details

Primary Agent

Rowan Duprey

Primary Broker

Royal LePage Atlantic (Greenwood)

Secondary Agent

Vanessa Duprey

Secondary Broker

Royal LePage Atlantic (Greenwood)

Listing details

Days on REW

73 Days

Property Views

MLS® Number

202616345

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

2 Schools are within 1km

Annapolis West Education Centre

n/a
6 - 12

Champlain Elementary School

n/a
K - 5

446 St George StreetAnnapolis Royal, NS, B0S 1A0