18 Woodman Road

Description

Incredible opportunity to own a high income-generating fourplex in the heart of Wolfville. Why invest in multiple properties when you can get have four income streams under one roof? This unique, low-maintenance property offers strong returns with an impressive cap rate and the stability of all fixed-term leases, attracting a community of mature, reliable tenants. The building features three well-appointed 2-bedroom, 1-bath units, along with one spacious 3-bedroom unit complete with two ensuite baths ideal for maximizing rental flexibility and income potential. One unit is offered furnished, creating an excellent opportunity for flexible rental income, while the remaining units provide consistent, long-term revenue, with all tenants paying their own utilities. Ideally situated on the outskirts of town, the property provides a perfect balance of privacy and convenience- walking distance to local amenities, Lightfoot & Wolfville winery, and nearby access to the scenic Harvest Moon Trail. The property also features dedicated tenant parking, adding everyday ease and appeal. Extensive updates since 2020 enhance both value and peace of mind, including a new roof, extensive renovations to Unit A, some new appliances, heat pumps installed in all units, a new sewer lift pump and alarm, and new connection to municipal sewer services. A rare offering in a highly desirable location, this fourplex combines character, convenience, and a dependable income stream. Please note that all interior photos were taken prior to tenant occupancy. (id:56844)

Listing

MLS® number

202623462

Status

Active

Days On Market

45

Building

Type

Fourplex

Year built

1984

Foundation

Concrete Perimeter

Interior

Flooring

Carpeted, Ceramic Tile, Vinyl Plank

Heating

Heat Pump, Baseboard heaters, Electric, Ductless

Cooling

Air Conditioned

Appliances

Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave

Land

Lot size

0.47 acres

Exterior features

Wood siding

Community

School Bus

Parking

Type

Paved Yard, Parking Space(s)

Utilities

Water

Municipal water

Sewer

Municipal sewage system

Fees and taxes

Common interest

Freehold

Parcel number

55278212

Directions

From 101 take exit 10 and head towards Wolfville. Woodman Rd is first right after Lightfoot & Wolfville winery. Civic 18 on LHS.