446 St George Street (MLS® 202606175)

Annapolis Royal, NS, B0S 1A0

Summary

MLS ®:
 202606175
Price:
 $865,000
Status:
 Active
District:
 DIANN
Zoning:
 RSU
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 70,896.00
Approx. Net Income:
 52,114.96
Laundry Income:
 N/A
Other Income:
 N/A
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 18,781.04
Maintenance Expense:
 370.84
Management Expense:
 N/A
Snow & Garbage Expense:
 490.00
Water & Sewage Expense:
 2,294.72
Insurance Expense:
 4,030.39
Tax Costs:
 7,712,08
Electricity Bill:
 2,200.00
Heating Bill:
 N/A
Other Costs:
 1,683.01
Expense Details:
Call 902-499-7886

Property Overview

446 St George Street, Annapolis Royal (MLS® 202606175): 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 Scotia‘s 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.

Listing Courtesy of: Royal LePage Atlantic (Greenwood)

Directions

From Hwy 101 take Exit 22 toward Trunk 8 to Lequille/Annapolis Royal to civic on right side.

Building Specs.

Building Age:
150
Building Dimensions:
Irregular
Foundation Type:
Concrete, Other, Stone
Roof Material:
Asphalt Shingle, Rolled
Exterior Finish:
Wood Siding
Flooring Type:
Carpet, Engineered Hardwood, Hardwood, Linoleum
Heating & Cooling:
Fireplace, Furnace, Heat Pump -Ductless, Hot Water, Ductless Cooling
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Garage Details:
None
Parking:
Single, Paved, Multi-Family Parking
Driveway/Parking:
Parking Spaces(s), Paved, Single

Features

Air Conditioning, Apt Conforming, Dining Room, Fireplace(s), Laundry, Power, Telephone, Sump Pump, Gazebo

Community Features

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

Schools

Elem. School: Champlain Elementary School
Mid. School: Annapolis West Education Centre
High School: Annapolis West Education Centre

Inclusions

Stoves (x5), Fridges (x5), Washers (x2), Dryers (x2), Dishwasher, Gazebo, Shed, Piano & Organ

Rental Equipment

Alarm System, Propane Tank

Map

Contact Agent


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