Wolfville, NS, CANADA
19 Linden Avenue
Fantastic opportunity to own two income properties in the heart of Downtown Wolfville. These side-by-side properties have never been offered on the MLS, and their income yield, location, condition, updates, proximity to Acadia University, and the quality of tenants make this investment a no brainer - not to mention a capitalization rate of 6%-7%. Combined, the lot sizes equal 13,525 square feet, which presents huge opportunity to capitalize on the many possibilities the properties are zoned for. Both have had many capital repairs completed. 17 Linden Ave updates include a standing seam metal roof, new hot water heater, updated electrical (100 AMPS), new furnace, new chimney, updated kitchen and bathroom, all new windows, new doors and the garage is wired; 19 Linden Ave updates include standing seam metal roof, copper down-pipe and gutter, new ICF foundation with in-floor heat (the house was raised and pushed back 12ft to add an addition onto the front of the home, and the old foundation was replaced with the new ICF). New ducted heat-pump system with back up oil, updated bathrooms, new old tank, new plumbing, new electrical (200APMS/100AMPS), fence and deck updated. 19 Linden Ave $63,960/year: 6 bedroom apartment with large kitchen, pantry, living room, laundry and 3 full bathrooms; plus a self-contained, 3 bedroom, basement apartment. 17 Linden Ave $24,960/year: 4 bedroom apartment, updated kitchen, updated bathroom, large unfinished basement area, and a single detached garage.