18 Gaspereau Avenue, Wolfville, NS B4P 2C4
- $549,900
- 4
- BD
- List Price
- $549,900
- Status
- ACTIVE
- MLS#
- 202609410
- Bedrooms
- 4
- Lot Size (Acres)
- 0.1607
Property Description
Exceptional income potential meets strategic development upside in the heart of the housing district in the historic downtown of Wolfville. This prime location fourplex offers a rare combination of immediate stability and long term growth within Wolfville's high demand rental market. The property consists of two spacious two bedroom units and two efficient bachelor units, all benefiting from a remarkable track record of zero vacancies over the past 26 years. Financial performance is robust with 2025 gross rents at $56,820 and 2025 Net Operating Income (NOI) of $43,728. The building is highly efficient with electric baseboard and ductless mini split heating. Each unit is individually metered and paid for by the tenants. While currently providing stable cash flow, the in place rents sit below market, offering a clear path to increased NOI through natural turnover and light cosmetic upgrades to kitchens and finishes. Whether you are looking for a reliable hold for cash flow or an ideal developer pipeline asset, this property allows you to generate strong returns while navigating the design and permitting process for future intensification. Secure your foothold in one of the most consistent rental markets in the province and get paid to wait for the next phase of Wolfville's downtown evolution.
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Additional Information
- Area
- Annapolis Valley
- Foundation
- Other
- Community Features
- Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Shopping, Place of Worship
- Basement
- Unfinished
- Appliances
- Stove, Refrigerator
- Flooring
- Laminate, Linoleum, Tile
- Exterior Finish
- Vinyl Siding
- Parking Features
- Gravel
- Roof
- Asphalt
- Utilities
- Electricity Connected
- Water Source
- Municipal
- Sewer
- Municipal
- Elementary School
- Wolfville School
- Middle School
- Wolfville School
- High School
- Horton High School
- Appliances
- Stove, Refrigerator
- Zoning
- C-2
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Listing courtesy of Royal LePage Atlantic (New Minas).