Investors take note! This is an 8-unit income property in a lovely, residential area in the heart of Digby, second street up from the waterfront. All 8 units are 2-bedroom self-contained units with their own parking space, 4 on each level, and the building is currently fully occupied. The building offers separate power meters and hot water tanks for each unit, such that tenants could pay their own heating/electric bill. The building was upgraded with all new windows in 2020 and new roof shingles in 2014. Two of the units have been completely renovated and the remainder have been well maintained. There is a sturdy 18’ x 8’ shed with new doors and lighting on the lower level that comes on when it senses sun down. Please note that current income/expenses reflect current owner paying power bills for all units. These numbers would change significantly with tenants paying those bills.
Highway 303/Warwick Street in Digby, right on First Avenue, property on the right in the first block before you get to St. Marys Street.
Listing Sub-Area:
Digby County
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
71 x 40
Outside Dimenions:
71 x 40
Lot Size:
9,901 sq. ft.920 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
8
Year built:
1988
(Age: 37)
Age:
36
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Concrete
New Constr.:
No
Basement:
Fully Developed, Walkout
Floor Finish:
Carpet, Laminate, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Parking:
Yes
Parking Description:
Large lot with ample parking
Driveway:
Multiple Driveways, Paved
Water Supply:
Municipal
Water And Sewage:
$1,598
Sewer:
Municipal
Num Units:
8
Num 2 Bed Units:
8
# Of Dryers:
1
# Of Fridges:
8
# Of Stoves:
8
# Of Washers:
1
Rental Income:
Yes, $68,820
Laundry Income:
$1,200
Approx. Net Income:
$38,909
Insurance Expense:
$3,520
Taxes Costs:
$7,376
Management expense:
$5,107 including snow removal
Heating Bill:
$11,170 including electricity
Approx. Total Expense:
$28,771
Approx. Total Income:
$70,020
Laundry
8 fridges, 8 stoves, 1 washer, 1 dryer.
Park, Playground, Public Transit, Recreation Center, Shopping, Place of Worship
Data was last updated January 22, 2025 at 01:20 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$314,000
Min list price:
$125,000
Max list price:
$1,700,000
Avg days on market:
145
Min days on market:
8
Max days on market:
581
These statistics are generated based on the current listing's property type
and located in
Digby County. Average values are
derived using median calculations.
