About this home

A historic mansion with excellent income generating opportunities awaits at this stunning century property, ideally located in one of the Annapolis Valley's most picturesque historic areas. Located in charming Annapolis Royal, 2 blocks from the ocean and directly across from the renowned historic gardens, this unique offering features five tenant-occupied units, including an impressive owners residence spanning three storeys. The main quarters boast 10-foot ceilings, historic woodwork, a charming propane fireplace, three bedrooms, two inviting living rooms, a formal dining room and thoughtful modern updates: energy-efficient heat pumps, a custom chef's kitchen with quartz countertops and beautifully renovated bathrooms. Timeless character has been carefully preserved throughout, highlighted by 3 impressive, arched bay windows, original maple floors, elegant antique chandeliers, and well-designed closet, laundry, and storage spaces. At the rear of the original building, well-separated from the main home, four one-bedroom rental units have their own heat pumps. Some have recent updates, including refreshed flooring and bathrooms, providing comfortable, attractive living spaces for tenants. This versatile property offers multiple possibilities: enjoy an expansive owner-occupied residence with additional income, along with the the option to re-integrate one or more units for additional living space, or maintain the current 5-unit rental configuration as a turn-key income-producing investment. With a proven track record of long-standing rental income and Air BNB success, low operating costs, low vacancy and stable tenancy, much of the heavy lifting has already been completed, making this a seamless transition for the next owner. A rare opportunity in one of Nova Scotias most charming waterfront towns near the Bay of Fundy this property is truly a must see for the buyer seeking character, flexibility, and strong income potential. (id:63626)

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

Home facts and features

Price details

List Price

$865,000

Home facts

Bedrooms

Full Bathrooms

Parking Details

Parking Space(s), Paved Yard

Property Type

Multifamily

Lot Size

23247 ft²

Depth

Year Built

Built in 1876 (150 yrs old)

Title

Freehold

Exterior Finish

Wood siding

Cooling

Heat Pump, Air Conditioned

Basement Details

Unfinished, Full

Features

Fireplace(s), Sump Pump

Appliances

Dishwasher, Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Vanessa Duprey

Primary Broker

Royal LePage Atlantic (Greenwood)

Secondary Agent

Rowan Duprey

Secondary Broker

Royal LePage Atlantic (Greenwood)

Listing details

Days on REW

68 Days

MLS® Number

202606175

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 73km

St. Martins School

n/a
K - 5
In Catchment

Beaconsfield Middle School

n/a
6 - 8
In Catchment

Seaside Park Elementary School

n/a
K - 5
In Catchment

Champlain Heights School

n/a
K - 5
In Catchment

St. John The Baptist/King Edward School

n/a
K - 8
In Catchment

Loch Lomond School

n/a
K - 5
In Catchment

Simonds High School

n/a
9 - 12
In Catchment

Saint John High School

n/a
9 - 12
In Catchment

St. Malachy's Memorial High School

n/a
9 - 12
In Catchment

Prince Charles School

n/a
K - 8
In Catchment

446 St George StreetAnnapolis Royal, NS, B0S 1A0