Triplex + detached commercial space (currently a music store) and a small garage, all on an oversize lot, close to the amenities of Middleton & Kingston in the fast-growing central Annapolis Valley. Summary of units: One 1-BR (front, lower level, $1000/m), One 2-BR (upper floor, $1000/m), One 3-BR (rear, lower level, $1800/m). Seller currently operates a music store from the detached commercial space - so there is further potential upside to rental income. Several music rehearsal rooms in basement + detached music store could both possibly be converted into additional residential unit(s). If you're interested in acquiring the music store inventory and business/good-will it can be further discussed/negotiated with the owner (not included in the asking price). Septic system is over-engineered (able to potentially accommodate additional units) and recent (~2011). New heat pump in front residential unit and music store. New metal roof on music store. Property will need some TLC here and there; reflected in asking price. (id:4069)
Address
14525 Highway 1
List Price
$395,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
Nova Scotia
Sub-Area
Wilmot
Lot Size
0.7845 Sq. Ft.
Year Built
1947
MLS® Number
202617013
Listing Brokerage
RE/MAX Banner Real Estate(Annapolis Royal)
Basement Area
Full (Partially finished)
Postal Code
B0P1W0
Ownership
Freehold
Appliances
Stove, Dryer, Washer, Refrigerator
Heat Source
Electric, Oil
Heat Type
Baseboard heaters, Forced air, Furnace, Heat Pump, Hot Water, In Floor Heating
Foundation Details
Concrete Perimeter
Water Source
Drilled Well
Sewer
Septic System
