21 Prospect Street, Wolfville, (MLS® 202510355) RE/MAX nova
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21 Prospect Street, Wolfville

0 sqft
$1,285,000 For Sale

Description

Welcome to the Oakes House a landmark Queen Anne Revival property ideally located just steps from Acadia University and downtown Wolfville. This fully leased, income-generating multi-unit gem offers investors a rare opportunity to acquire a character-rich property with strong, consistent returns. The main house spans three floors, each configured as a separate 3-bedroom units, each, fully rented. In addition, a charming 3-bedroom unit in the detached Carriage House completes the offering. In total, this well-managed property comprises 4 rentable units. All tenants are secured under new, annual fixed-term leases signed in May 2025, offering immediate cash flow and stability for the new owner. With an annual gross income exceeding $100,000, this is a robust addition to any real estate portfolio. Set on an expansive lot with development potential on the north side of the property, there is room to expand or explore additional uses (subject to municipal approvals). Combining timeless architecture, strong financials, and unmatched proximity to one of Nova Scotia's premier university towns, this is a rare and rewarding opportunity not to be missed.

Listing Details

Address
21 Prospect Street, Wolfville, B4P 1L3

Status
ACTIVE
Listing Price
$1,285,000
MLS®
202510355
Type
n/a
Style
---
Age
118
PID
55272819

Water
Municipal
Sewer
Municipal
Utilities
---

Building Specifications

Foundation Type
Concrete,Other
Roof
Asphalt Shingle
Exterior Finish
Vinyl,Wood Siding
Flooring
Hardwood,Laminate

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Garage & Parking

Garage
N
Details
---

Inclusions & Exclusions

Inclusions
4 Fridges, 4 Stoves, 2 Dishwashers, 2 Washers, 2 Dryers

Sales History

Demographic Data

Demographic data is based on the dissemination area that contains the listing parcel . Dissemination Areas are small areas composed of one or more neighbouring dissemination blocks. All of Canada is divided into dissemination areas. Data source: Environics Analytics via ArcGIS Online, 2021

Population Size

519

Median Age

33.4

Avg Household Size

2.3

Avg House Income

$80K

The number of people for each age range.

How the population of this area is expected to change.

The highest level of education obtained by people within this area.

The maritial status of the people in this area.

The average household income within this area.

The number of people that rent versus own.

When the buildings in the area were constructed.

The number of children at home for the given age ranges.

The occupations of the people living here.

Tax Assessment

Year Amount % Change
2024 $589,500 ---
2023 $535,200 ---
2022 $434,900 ---
2021 $381,800 ---
2020 $378,600 ---
2019 $373,000 ---
2018 $369,400 ---
2017 $371,100 ---
2016 $381,300 ---
2015 $378,800 ---
2014 $342,900 ---
2013 $333,900 ---
2012 $320,700 ---

Maps

Mortgage Inquiries

Last Updated On: 5/12/2025 2:51:56 PM (UTC)
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