789-791 Saint George Street (MLS® 202419153)

Annapolis Royal, NS, B0S 1A0

Summary

MLS ®:
 202419153
Price:
 $750,000
Status:
 Active
District:
 DIANN
Zoning:
 RMU
Property Type:
 Fourplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 $77880
Approx. Net Income:
 $47702
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $29,728
Maintenance Expense:
 $2,628
Snow & Garbage Expense:
 $483
Water & Sewage Expense:
 $968.49
Insurance Expense:
 $3,224
Tax Costs:
 $6,149
Electricity Bill:
 $668.71
Heating Bill:
 $15,607
Expense Details:
Call 902-499-7886

Property Overview

789-791 Saint George Street, Annapolis Royal (MLS® 202419153): “Location, location, location!” Known as 'The Gables' this beautiful, historic (early to mid 1800’s) stately four-plex with curb appeal offers the finest apartments in high-demand Annapolis Royal. This wonderful, classic building has stately curb appeal and presence, quietly set back from St. George Street. Fully occupied with consistent quality rental history due to sought-after character-filled apartments. Adjacent to the Health Centre, on Valley bus route, sidewalk into downtown, nearby trails, it boasts lush plantings, good paved parking for tenants and guests on the spacious lot featuring lawns, old stone walls and a semi-circular drive. Heavy lifting done: entire new roof (2023), exterior paint (2024) with new shutters. Additionally, there is significant upward room in the current rental ceiling. Averaging ~1100 sqft per unit each apartment enjoys windows on 3 sides, a generous living room, bedrooms and centre hall giving each the feel of home; all suites 2-bedroom plus den/office/family/ or dining room. All units boast gleaming real hardwood floors, a handsome fireplace (non-functional). Many upgrades: vanities, LED with track and pot lighting, fire alarm system, thermal entrance doors, vinyl windows throughout. Most rooms freshly painted. This is a PRIME building in a PRIME location! Easy walking distance to school, Historic Gardens, churches, restaurants/cafes/bakeries, museums, pool, tennis courts, library, farmer’s markets, the Community Hub, theatre, walking trails, amphitheatre, and all other amenities offered in historic & vibrant Annapolis Royal. Fibre-op internet is available. A very special investment opportunity to carry forward 'The Gables' honoured legacy. Renovated owner’s suite with Ikea kitchen open to family room. You could even live in one of the apartments if you're lucky enough that one becomes available! Fully occupied, well-maintained. Mix of annual and monthly leases at new owner’s option.

Listing Courtesy of: RE/MAX Banner Real Estate

Directions

At intersection/lights in Annapolis Royal head eastbound for ~1.2km to civic 789/791 St George Street (adjacent hospital).

Building Specs.

Building Age:
154
Building Dimensions:
(49'x72') - (jog 35'x13')
Foundation Type:
Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl, Wood Siding
Flooring Type:
Ceramic, Hardwood
Heating & Cooling:
Heat Pump -Ductless, Hot Water
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Paved, Spaces - two spaces per unit
Driveway/Parking:
Parking Spaces(s), Paved

Community Features

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

Inclusions

FS x 4, DW x 1, WD x 3

Rental Equipment

Water Heater

Map

Contact Agent


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