18 Woodman Road
Kings County
Wolfville
B4P 2M5
$1,050,000
Multi-Family
built: 1984
- Status:
- Pending
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202406217
- Year Built:
- 1984
This fourplex is situated on a parklike half-acre lot in the historic town of Wolfville. The building includes a 3 bedroom unit with 2 ensuites while the other three units are two bedrooms & 1 bath. Units A&B have private laundry while units C&D share laundry. Just minutes from the heart of downtown Wolfville, this is an ideal location for young professionals. Vacancy has never been an issue with this sought-after building and location. Investors will be pleased to know that it currently carries an impressive cap rate with room to grow. Further, using current interest rates the property is cash flow positive.The roof was re-shingled in September 2020. Meanwhile, unit A was extensively renovated in 2022 with a new kitchen, bath, flooring, deck, patio door, lighting, drywall, plumbing, electrical, barn doors and paint throughout. In the last couple of years work updates on the building include some brand new appliances, new toilets, new sewer lift pump, municipal street connection and new heat pumps in all units. With its proximity to shopping, Acadia University, Church Brewing & countless wineries makes this a wonderful opportunity for all investors.
- Listing Sub-Area:
- Kings County
- Property Type:
- Multi-Family
- Multi-Family Type:
- Fourplex
- Title To Land:
- Freehold
- Building Dimenions:
- Irregular
- Lot Size:
- 20,429.64 sq. ft.1,897.976 m2
- Prop Size:
- 0.5 to 0.99 Acres
- Commercial / Retail Space:
- No
- # of Rental Units / Occupied:
- 4
- Year built:
- 1984 (Age: 40)
- Age:
- 40
- Exterior Finish:
- Wood Siding
- Foundation:
- Concrete
- Basement:
- Fully Developed
- Floor Finish:
- Carpet, Ceramic, Vinyl Plank
- Roof:
- Asphalt Shingle
- Heating:
- Baseboard, Heat Pump -Ductless
- Fuel:
- Electric
- Parking:
- Yes
- Parking Description:
- 2 Paved Areas
- Driveway:
- Multiple Driveways, Parking Spaces(s), Paved
- Water Supply:
- Municipal
- Water And Sewage:
- 700.00
- Sewer:
- Municipal
- Num Units:
- 4
- Num 2 Bed Units:
- 3
- Num 3 Bed Units:
- 1
- # Of Dishwashers:
- 2
- # Of Dryers:
- 3
- # Of Fridges:
- 4
- # Of Microwaves:
- 2
- # Of Stoves:
- 4
- # Of Washers:
- 2
- Rental Income:
- Yes, 91800
- Approx. Net Income:
- 72036
- Insurance Expense:
- 4989.00
- Taxes Costs:
- 7628.00
- Maintenace:
- 850.0
- Electricity Bill:
- 5597
- Approx. Total Expense:
- 19764
- Approx. Total Income:
- 91800
- Apt Conforming, Cable, Laundry, Multi-Use Rooms, Telephone
- Golf Course, Shopping, Place of Worship
- Barbeque, Range, Dishwasher, Dryer, Washer, Microwave, Refrigerator
- None
- Deck, Patio
- No
- Zoning:
- R1-A
- Possession Info:
- Negotiable
- Listed Date:
- Apr 03, 2024
- Days on Mkt:
- 87
Larger map options:
Listed by Keller Williams Select Realty
Data was last updated June 29, 2024 at 11:20 AM (UTC)
Area Statistics
- Listings on market:
- 12
- Avg list price:
- $407,000
- Min list price:
- $334,900
- Max list price:
- $5,525,000
- Avg days on market:
- 41
- Min days on market:
- 11
- Max days on market:
- 127
These statistics are generated based on the current listing's property type
and located in
Kings County. Average values are
derived using median calculations.
- Phil Evans, REALTOR®
- Bedford
- 902-449-6342
- Contact by Email
- Syna Rasmusson, REALTOR®
- Bedford
- 902-999-7962
- Contact by Email