21 Prospect Street (MLS® 202510355)

Wolfville, NS, B4P 1L3

Summary

MLS ®:
 202510355
Price:
 $1,285,000
Status:
 Active
District:
 DIKIN
Zoning:
 R3
Property Type:
 Fourplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 114,000.00
Laundry Income:
 500.00
Other Income:
 4000.00- Power Repayment
Income Details:
Call 902-499-7886

Expenses

Expense Details:
Call 902-499-7886

Property Overview

21 Prospect Street, Wolfville (MLS® 202510355): 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.

Listing Courtesy of: Exit Realty Town & Country

Directions

Travelling East on Hwy 1 (Main St), turn right up Gaspereau Avenue, right onto Prospect and the property will be on your left.

Building Specs.

Building Age:
118
Building Dimensions:
18x14x5x8x5x12x10x8.2x12.5x8.2x14x5x13x8x19
Foundation Type:
Concrete, Other
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl, Wood Siding
Flooring Type:
Hardwood, Laminate
Heating & Cooling:
Baseboard, Ducted Cooling, Furnace, Heat Pump -Ducted, Heat Pump -Ductless, Ductless Cooling
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Multiple Parking for Tenants
Driveway/Parking:
Paved

Features

Air Conditioning, Cable, Power, See Remarks

Community Features

Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping

Schools

Elem. School: Wolfville School
Mid. School: Wolfville School
High School: Horton High School

Inclusions

4 Fridges, 4 Stoves, 2 Dishwashers, 2 Washers, 2 Dryers

Rental Equipment

None

Map

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