A short walk to downtown Wolfville, this updated duplex offers an excellent opportunity for investors or owner-occupants. The lower 3-bedroom unit is currently rented for $2,400/month, providing immediate rental income, while the extensively updated upper unit is vacant and ready for an owner-occupant or new tenant. The property sits on a large lot with a spacious yard, offering plenty of room for gardening, outdoor play, or entertaining. The majority of updates since 2021 have been completed in the upper unit, including updated flooring, bathroom improvements, kitchen countertops, fresh paint, modern light fixtures, custom blinds, and appliances less than three years old. It also features a new heat pump, pellet stove, and large rear deck overlooking the yard. The bright upper unit offers 2 bedrooms, spacious living room, large eat-in kitchen, generous laundry room with excellent storage, and an oversized bathroom accessible from the primary bedroom and hallway. The bathroom features a freestanding tub and separate shower. The upper unit can also be purchased fully furnished (upper unit only). The lower unit offers 3 bedrooms and has received bathroom updates and various cosmetic improvements. With $2,400/month in current rental income, this unit provides a strong starting point for investors, while the vacant upper unit offers additional income potential. A newly paved driveway provides parking for multiple vehicles, including three cars side-by-side. Separate power meters allow each unit to pay its own electricity and utility costs, helping simplify management and reduce operating expenses. Located just minutes from shops, restaurants, amenities, and Acadia University, this property offers strong rental appeal. Live in the upper unit while collecting $2,400/month below, or rent both units to maximize income potential. (id:4069)
Address
8 Iona Road
List Price
$584,900
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Nova Scotia
Sub-Area
Wolfville
Lot Size
0.2961 Sq. Ft.
Year Built
1996
MLS® Number
202613889
Listing Brokerage
MacKay Real Estate Ltd.
Postal Code
B4P2H1
Ownership
Freehold
Site Influences
Golf Course, Park, Playground, Public Transit, Shopping, Place of Worship
Community Features
Recreational Facilities, School Bus
Appliances
Stove, Dryer, Washer, Refrigerator
Heat Source
Electric, Pellet
Heat Type
Baseboard heaters, Heat Pump, Ductless, Stove
Cooling Features
Air Conditioned
Foundation Details
Concrete Perimeter
Other Structures
Shed
Water Source
Municipal water
Sewer
Municipal sewage system
