21 Prospect Street Wolfville, Nova Scotia B4P 1L3
$1,285,000
Welcome to the Oakes House a landmark Queen Anne Revival property ideally located just steps from Acadia University and downtown Wolfville. This fully leased, income-generating multi-unit gem offers investors a rare opportunity to acquire a character-rich property with strong, consistent returns. The main house spans three floors, each configured as a separate 3-bedroom units, each, fully rented. In addition, a charming 3-bedroom unit in the detached Carriage House completes the offering. In total, this well-managed property comprises 4 rentable units. All tenants are secured under new, annual fixed-term leases signed in May 2025, offering immediate cash flow and stability for the new owner. With an annual gross income exceeding $100,000, this is a robust addition to any real estate portfolio. Set on an expansive lot with development potential on the north side of the property, there is room to expand or explore additional uses (subject to municipal approvals). Combining timeless architecture, strong financials, and unmatched proximity to one of Nova Scotia's premier university towns, this is a rare and rewarding opportunity not to be missed. (id:45785)
Property Details
| MLS® Number | 202510355 |
| Property Type | Multi-family |
| Community Name | Wolfville |
| Amenities Near By | Park, Playground, Public Transit, Shopping |
| Community Features | Recreational Facilities, School Bus |
| Structure | Shed |
Building
| Appliances | Stove, Dishwasher, Dryer, Washer, Refrigerator |
| Constructed Date | 1907 |
| Cooling Type | Air Conditioned, Central Air Conditioning, Heat Pump |
| Exterior Finish | Vinyl, Wood Siding |
| Flooring Type | Hardwood, Laminate |
| Foundation Type | Concrete Perimeter, Unknown |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.4077 |
| Size Total | 0.4077 Ac |
| Size Total Text | 0.4077 Ac |
Utilities
| Cable Available | Unknown |
https://www.realtor.ca/real-estate/28283261/21-prospect-street-wolfville-wolfville
Contact Us
Contact us for more information
Rob Graves
https://www.smithandgraves.com/
Po Box 1741, 771 Central Avenue
Greenwood, Nova Scotia B0P 1N0
Adam Smith
Po Box 1741, 771 Central Avenue
Greenwood, Nova Scotia B0P 1N0
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May 08 2025 08:04:09
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