Nestled in the heart of downtown Annapolis Royal, directly across from the renowned Fort Anne National Historic Site, this exceptional investment property seamlessly blends historic charm with modern efficiency. The building comprises three ground-level, high-traffic commercial units that enjoy steady footfall from the bustling tourist scene, along with a convenient ground-level apartment, four spacious second-level apartments, and a well-organized self-storage facility in the basement. Recently updated with all vinyl windows and fresh exterior paint, the property exudes curb appeal while ensuring energy efficiency and low maintenance. A portion of the roof has also been recently replaced, adding to the overall durability and upkeep of the building. Inside, high ceilings and superior construction are complemented by meticulous maintenance. Each unit features separate power meters, facilitating straightforward management and billing. The commercial units are further enhanced with modern heat pumps, offering efficient heating and cooling solutions. Boasting an established history of excellent tenants and robust rental performance, this property represents a rare opportunity for investors seeking a turn-key operation with solid financials from day one. Whether you aim to expand your portfolio or secure a prime piece of Annapolis Royal real estate, this property promises consistent returns and a strategic location that leverages both local and tourist traffic. (id:47423)
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Detailed Information
Amenities Nearby
Golf Course, Park, Playground, Public Transit, Shopping, Place of Worship, Beach
Community Features
Recreational Facilities, School Bus
Listing Contract Date
2024-07-03
Location Description
From Highway 101: Exit 22, head North to Downtown Annapolis Royal. Tripp's Gallery/ RE/MAX office.
Municipal ID
05002415
Ownership Type
Freehold
Property Type
Multi-family
Transaction Type
For sale
Building
Appliances
Stove, Dishwasher, Dryer, Washer, Refrigerator
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1922
Cooling Type
Air Conditioned, Heat Pump
Exterior Finish
Wood siding
Flooring Type
Hardwood, Vinyl
Foundation Type
Concrete Perimeter, Stone
Type
Apartment
Utility Water
Municipal water
Land
Total Size
0.1963 acres
Amenities
Golf Course, Park, Playground, Public Transit, Shopping, Place of Worship, Beach
Sewer
Municipal sewage system
Size of Irregular Land
0.1963
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