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446 Main in Wolfville: 404-Kings County Commercial (Annapolis Valley) : MLS®# 202016639

446 Main Wolfville B4P 1E2 : 404-Kings County

Main Photo: 446 Main in Wolfville: 404-Kings County Commercial  (Annapolis Valley)  : MLS®# 202016639
$599,900
Prop. Type:
Commercial
MLS® Num:
202016639
Status:
Pending
Bus Major:
Other
Terrific investment property located in a desirable location on Main Street in downtown Wolfville, close to Avadia University. Long standing tenant on main level ($3,150 + HST per month). Second floor has 3 - 2 Bedroom residential units ($1,000 each for 2, includes electricity/heat and $750 for another, excluding electricity/heat. Grosses $5,900 per month in rental income ($70,800 per year). Residential Assessment - $205,600, Commercial Assessment - $272,500
Listing Sub-Area:
404-Kings County
Property Type:
Commercial
Commercial Type:
Other
Major Bus Type:
Other, Residential Units
Title To Land:
Freehold
Year built:
1935 (Age: 85)
Age:
85
Main Living Area:
Switch units of measure4,520 sq. ft.
Floor Area:
Switch units of measure4,520 sq. ft.
Building Dimenions:
Irregular
Prop Size:
Under 0.5 Acres
Lot Size:
Switch units of measure0.1 acre(s)
Lot Details:
2,260
Outside Dimenions:
Irregular
Zoning:
C
Construction:
Block
Parking:
No
Driveway:
None
Floor Finish:
Other
Roof:
Asphalt Shingle
Heating:
Baseboard, Heat Pump -Ducted
Fuel:
Electric
Fire Protection:
Smoke Detector
Water Supply:
Municipal
Utilities:
Cable, Electrical, Municipal Water, Sewer, Telephone
Doors Under 10 Ft
Public Transportation, Shopping Nearby, Visual Exposure, High Traffic Location, Public Parking
None
No
Assessment:
478100.0
Assessment Year:
2020
Rental Income:
Yes
Net Income:
$49,490.14
Gross Revenue:
$70,800
Total Expenses:
$21,309.86
Business Tax Payer:
Tenant
Property Taxes Payer:
Owner
Heating Payer:
Owner
Hydro Payer:
Owner
Water Payer:
Owner
Insurance Payer:
Owner
Structural Maintenance Payer:
Owner
Exterior Maintenance Payer:
Owner
Interior Maintenance Payer:
Owner
Lease 1 - Type:
# Residential Units
Lease 1 - Net Rental Area:
2 Bedrooms
Lease 1 - Expiration Date:
04/30/2021
Lease 1 - Rental Rate:
$1,000
Lease 2 - Type:
# Residential Units
Lease 2 - Net Rental Area:
2 Bedrooms
Lease 2 - Expiration Date:
04/30/2021
Lease 2 - Rental Rate:
$1,000
Lease 3 - Type:
# Residential Units
Lease 3 - Net Rental Area:
2 Bedrooms
Lease 3 - Expiration Date:
04/30/2021
Lease 3 - Rental Rate:
$750
Lease 4 - Type:
Other
Lease 4 - Net Rental Area:
Commercial
Lease 4 - Expiration Date:
09/30/2021
Lease 4 - Rental Rate:
$3,150 + HST
Contract Date:
Aug 31, 2020
Possession Info:
30 Days
Listed Date:
Aug 13, 2020
Days on Mkt:
45
Data was last updated September 27, 2020 at 06:30 AM (UTC)
Kevin Stacey