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$1,285,000
Est. payment /mo
0.41 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Wolfville
MLS® Listing ID 202510355
Year Built 1907
Lot Size 0.408 Acres
Acres 0.4077
Property Sub-Type Freehold
Source Nova Scotia Association of REALTORS®
Property Description
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. (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Cooling Air Conditioned, Central air conditioning, Heat Pump
Flooring Hardwood, Laminate
Exterior
Parking Features No
Community Features Recreational Facilities, School Bus
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by Exit Realty Town & Country