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Fully renovated, 6 unit, residential income property located near Memorial Park and The Gorge in Kentville. Building offers new propane boiler for the in-floor heating system, stone composite flooring, high end appliances, fully rebuilt back balconies, smart locks, eye catching light fixtures and signature paint colour scheme that pops. No detail has been left untouched. The outside, facia boards and flashings have been upgraded, and the line of trees along the back side of the property cleaned up and trimmed away from the building. Six fixed-term leases and strong rental income. A great investment property for someone looking to add a top tier building to their portfolio with all the renovations and repairs already professionally done!
General Info:Listing Sub-Area: Kings County
Property Type: Multi-Family
Multi-Family Type: 5 - 8 Unit
Title To Land: Freehold
Building Dimenions: Irregular
Lot Size: 0.72 acre(s)0.29 hectare(s)
Prop Size: 0.5 to 0.99 Acres
Commercial / Retail Space: No
# of Rental Units / Occupied: 6
Year built: 2001
(Age: 24)
Age: 24
Additional Info:Exterior Finish: Brick, Vinyl
Foundation: Slab
Basement: None
Floor Finish: Other
Roof: Asphalt Shingle
Heating: Heat Pump -Ductless, In Floor
Fuel: Electric, Propane
Garage Description: None
Parking: Yes
Parking Description: Tenant & Guest Parking
Driveway: Gravel
Water Supply: Municipal
Water And Sewage: $1414
Sewer: Municipal
Units:Num Units: 6
Num 2 Bed Units: 6
# Of Dishwashers: 6
# Of Dryers: 6
# Of Fridges: 6
# Of Microwaves: 0
# Of Stoves: 6
# Of Washers: 6
Income:Rental Income: Yes, $177,600/yr - 6 Units Rented
Laundry Income: NA
Other Income: NA
Approx. Net Income: $136,895
Insurance Expense: $5806
Taxes Costs: $10,723
Other Costs: $10,960
Management expense: NA
Snow / Garbage Collection: $2400
Heating Bill: $6860*
Electricity Bill: $919
Approx. Total Expense: $40,705
Approx. Total Income: $177,600/yr - 6 Units Rented
Features: Air Conditioning, Heat/Air Exchange, Power
Features Included: Appliances in each unit - Fridge, Stove, Washer, Dryer, Dishwasher, Steel Hood Vents
Features Excluded: Tenant personal items
Community Features: Park, Public Transit, School Bus Service
Appliances Included: Range, Dishwasher, Dryer, Washer, Refrigerator
Rental Equipment: Propane Tank
Structures: Deck, Patio
Waterfront: No
Other Details:Assessment: 973200.0
Assessment Year: 2025
Zoning: R3
Possession Info: Immediate
School Info:Elementary School: Kings County Academy
High School: Northeast Kings Education Centre
Middle School: Kings County Academy
Listing Info:Listed Date: Jun 20, 2025
Days on Mkt:4