614 Main Street (MLS® 202303218)

Wolfville, NS, B4P 1T4

Summary

MLS ®:
 202303218
Price:
 $995,000
Status:
 Active
District:
 DIKIN
Zoning:
 R3
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 $95,700.00
Approx. Net Income:
 $54,764.57
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $40, 935.43
Maintenance Expense:
 $8,000.00
Snow & Garbage Expense:
 $2,070.00
Water & Sewage Expense:
 $984.74
Insurance Expense:
 $6,224.00
Tax Costs:
 $8,656.98
Electricity Bill:
 $7,734.42
Heating Bill:
 $6,713.29
Other Costs:
 $552.00
Expense Details:
Call 902-499-7886

Property Overview

614 Main Street, Wolfville (MLS® 202303218): Calling all investors! Here is a fantastic investment opportunity in the sought-after, University town of Wolfville, Nova Scotia. This two-building, 6 unit opportunity has had perfect occupancy record, being on the Main Street of Wolfville, only a walk from Acadia University and all that downtown has to offer. The primary home is a Victorian build, with 3 bedroom, 1 bath unit on the main floor and a 3 bedroom, 1 bath unit on the second floor. With Laundry in one unit, there is also a common area space with another washer and dryer. The second building offers 4 x 1 bedroom units, 2 on the main level and 2 on the top level, the top levels come with a loft style of bedroom. This area is in high demand for local rentals, primarily students, who in the main building do shared accommodations. All units are equipped with a refrigerator and stove, included in the sale. Downtown Wolfville is a 5-minute walk away from local restaurants, shopping centres and bars. The local bus service is available and access to major Highway #101 is only a 5-minute drive away, where you will find Halifax and the Halifax international airport approximately an hour away. This fantastic investment opportunity has committed rent rolls for majority of the units until April 2024. The building has also been well maintained and prepped to sell, so future maintenance costs are expected to be lower going forward. Please allow 36 hours notice for showings.

Listing Courtesy of: Exit Realty Town & Country

Directions

Travelling Westbound on Highway #101. Take exit #11 into Wolfville, travel East down Main Street and property is on the left.

Building Specs.

Building Dimensions:
Irregular
Foundation Type:
Concrete, Slab, Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Wood Shingles, Vinyl
Flooring Type:
Engineered Hardwood, Laminate, Linoleum
Heating & Cooling:
Baseboard, Forced Air
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Behind the Main House
Driveway/Parking:
Paved

Features

Laundry, See Remarks

Community Features

Golf Course, Park, Playground, Public Transit, School Bus Service

Schools

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

Inclusions

6 x Refrigerators, 6 x Stoves, 1 x Dishwasher, 2 x Washers, 2 x Dryers

Rental Equipment

None

Map

Contact Agent


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