18 Gaspereau Avenue
Wolfville, Nova Scotia
MLS® 202609410
$525,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 202609410
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 24Listing description
Exceptional income potential meets strategic development upside in the heart of Wolfvilles historic downtown. This prime-location fourplex offers a rare combination of immediate stability and long-term growth within Wolfvilles high-demand rental market. The property consists of two spacious two-bedroom units and two efficient bachelor units, supported by a remarkable 26-year track record of consistent occupancy.
The current rent roll totals $4,410 per month, representing $52,920 in annualized gross rental income. Each unit is individually metered, with tenants responsible for electricity, supporting efficient and predictable operating costs. Detailed income and expense information is available to qualified buyers.
The property also offers opportunities to strengthen future income through natural turnover and targeted cosmetic improvements to kitchens and interior finishes. Whether you are looking for a reliable long-term rental investment or a strategic development pipeline asset, this property allows you to generate income while navigating the design and permitting process for future intensification. Secure your foothold in one of Nova Scotias most consistent rental markets and get paid to wait for the next phase of Wolfvilles downtown evolution.
Property summary
- MLS® number
- 202609410
- Property type
- Multi-family
- Building type
- Fourplex
- Title
- Freehold
- Land size
- 0.1607 acres
- Parking
- Gravel
- Days on market
- 139 days
Features & details
- Heating
- Heat Pump, Baseboard heaters, Electric, Ductless
- Flooring
- Tile, Laminate, Linoleum
- Appliances
- Refrigerator, Stove
- Exterior features
- Vinyl
- Community features
- School Bus, Recreational Facilities
What would this home cost you?
Based on the $525,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage Atlantic (New Minas), New Minas.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.