Air Conditioned, Heat Pump
$865,000
A historic mansion with excellent income generating opportunities awaits at this stunning century property, ideally located in one of the Annapolis Valley's most picturesque historic areas. Located in charming Annapolis Royal, 2 blocks from the ocean and directly across from the renowned historic gardens, this unique offering features five tenant-occupied units, including an impressive owners residence spanning three storeys. The main quarters boast 10-foot ceilings, historic woodwork, a charming propane fireplace, three bedrooms, two inviting living rooms, a formal dining room and thoughtful modern updates: energy-efficient heat pumps, a custom chef's kitchen with quartz countertops and beautifully renovated bathrooms. Timeless character has been carefully preserved throughout, highlighted by 3 impressive, arched bay windows, original maple floors, elegant antique chandeliers, and well-designed closet, laundry, and storage spaces. At the rear of the original building, well-separated from the main home, four one-bedroom rental units have their own heat pumps. Some have recent updates, including refreshed flooring and bathrooms, providing comfortable, attractive living spaces for tenants. This versatile property offers multiple possibilities: enjoy an expansive owner-occupied residence with additional income, along with the the option to re-integrate one or more units for additional living space, or maintain the current 5-unit rental configuration as a turn-key income-producing investment. With a proven track record of long-standing rental income and Air BNB success, low operating costs, low vacancy and stable tenancy, much of the heavy lifting has already been completed, making this a seamless transition for the next owner. A rare opportunity in one of Nova Scotias most charming waterfront towns near the Bay of Fundy this property is truly a must see for the buyer seeking character, flexibility, and strong income potential. (id:39336)
Property Details
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MLS® Number
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202606175 |
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Property Type
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Multi-family |
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Community Name
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Annapolis Royal |
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Amenities Near By
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Golf Course, Park, Playground, Public Transit, Shopping, Place Of Worship, Beach |
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Community Features
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Recreational Facilities, School Bus |
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Equipment Type
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Propane Tank, Other |
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Features
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Gazebo, Sump Pump |
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Rental Equipment Type
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Propane Tank, Other |
|
Structure
|
Shed |
Building
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Amenities
|
Fireplace(s) |
|
Appliances
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Stove, Dishwasher, Dryer, Washer, Refrigerator |
|
Basement Development
|
Unfinished |
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Basement Type
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Full (unfinished) |
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Constructed Date
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1876 |
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Cooling Type
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Air Conditioned, Heat Pump |
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Exterior Finish
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Wood Siding |
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Flooring Type
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Carpeted, Engineered Hardwood, Hardwood, Linoleum |
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Foundation Type
|
Concrete Perimeter, Stone, Unknown |
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Type
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Apartment |
|
Utility Water
|
Municipal Water |
Parking
|
Parking Space(s)
|
|
|
Paved Yard
|
|
Land
|
Acreage
|
No |
|
Land Amenities
|
Golf Course, Park, Playground, Public Transit, Shopping, Place Of Worship, Beach |
|
Sewer
|
Municipal Sewage System |
|
Size Irregular
|
0.5337 |
|
Size Total
|
0.5337 Ac |
|
Size Total Text
|
0.5337 Ac |
https://www.realtor.ca/real-estate/29549298/446-st-george-street-annapolis-royal-annapolis-royal