663 Main St

For Sale 125 Days
$1,165,000
beds
baths

663 Main St

For Sale 125 Days
$1,165,000
beds
baths

Highlights

Key insights

Description

  • Time on Houseful
    125 days
  • Property type
    Multi-family
  • Lot size
    0.42 Acre
  • Year built
    1905
  • Mortgage payment

Turn-Key Investment in the Heart of Wolfville Welcome to 663 Main Street, a fully renovated, income-generating property ideally located within walking distance to Acadia University and charming downtown Wolfville. This is a rare opportunity to invest in one of Nova Scotias most desirable university towns. The building has been completely redone, including roof shingles new heat pumps in each room and common areas, new windows throughout, and extensive interior upgrades. Though legally a duplex, its currently operating as a room-by-room rental, with each bedroom offering a private ensuite bathroom and two fully equipped shared kitchens for tenant convenience. This property delivers serious cash flow with a gross annual income just shy of $130,000 and a net income of over $90,000, resulting in an impressive cap rate of over 7%. Bonus: theres a spacious, unfinished attic offering excellent potential for future development, whether more living space, common areas, or additional rental income. Whether youre an experienced investor or just stepping into the market, 663 Main Street checks all the boxes: location, income, quality, and room to grow. Please note: the property will be subdivided from a larger parcel by the seller at their expense prior to closing. (id:63267)

Kane Smith of Exit Realty Town & Country,
#202514998
updated 1 month ago.
Houseful checked MLS® for data 1 month ago.

Home overview

Amenities / Utilities
  • Sewer/ septic
    Municipal sewage system
Interior
  • Flooring
    Vinyl plank
Location
  • Subdivision
    Wolfville
Lot/ Land Details
  • Lot dimensions
    0.4236
Overview
  • Lot size (acres)
    0.42
  • Listing #
    202514998
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28486922/663-main-street-wolfville-wolfville
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-3,107

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25 Years fixed, 20% down payment, % interest
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