324 St. George Street (MLS® 202415884)

Annapolis Royal, NS, B0S 1A0

Summary

MLS ®:
 202415884
Price:
 $1,275,000
Status:
 Active
District:
 DIANN
Zoning:
 CG
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 93144
Approx. Net Income:
 77838
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 15306
Water & Sewage Expense:
 1310
Insurance Expense:
 4,696
Tax Costs:
 6972
Electricity Bill:
 2328
Expense Details:
Call 902-499-7886

Property Overview

324 St. George Street, Annapolis Royal (MLS® 202415884): Nestled in the heart of downtown Annapolis Royal, directly across from the renowned Fort Anne National Historic Site, this exceptional investment property seamlessly blends historic charm with modern efficiency. The building comprises three ground-level, high-traffic commercial units that enjoy steady footfall from the bustling tourist scene, along with a convenient ground-level apartment, four spacious second-level apartments, and a well-organized self-storage facility in the basement. Recently updated with all vinyl windows and fresh exterior paint, the property exudes curb appeal while ensuring energy efficiency and low maintenance. A portion of the roof has also been recently replaced, adding to the overall durability and upkeep of the building. Inside, high ceilings and superior construction are complemented by meticulous maintenance. Each unit features separate power meters, facilitating straightforward management and billing. The commercial units are further enhanced with modern heat pumps, offering efficient heating and cooling solutions. Boasting an established history of excellent tenants and robust rental performance, this property represents a rare opportunity for investors seeking a turn-key operation with solid financials from day one. Whether you aim to expand your portfolio or secure a prime piece of Annapolis Royal real estate, this property promises consistent returns and a strategic location that leverages both local and tourist traffic.

Listing Courtesy of: RE/MAX Banner Real Estate

Directions

From Highway 101: Exit 22, head North to Downtown Annapolis Royal. Tripp's Gallery/ RE/MAX office.

Building Specs.

Building Age:
102
Building Dimensions:
74' x 62'
Foundation Type:
Concrete, Stone
Roof Material:
Rolled
Exterior Finish:
Wood Siding
Flooring Type:
Hardwood, Vinyl
Heating & Cooling:
Baseboard, Heat Pump -Ductless
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
Yes
Garage Details:
Attached Single
Parking:
4 spaces and road
Driveway/Parking:
Paved

Features

Air Conditioning, Storage

Community Features

Beach, Golf Course, Marina, Park, Place of Worship, Playground, Public Transit, Recreation Center, School Bus Service, Shopping

Inclusions

Appliances in all units (FSWD x5, DW x1)

Rental Equipment

None

Map

Contact Agent


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