59 First Avenue, Digby, Nova Scotia B0V 1A0

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. 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. (id:27476)

Conveniently situated in a charming, residential area just a stone's throw away from the waterfront in Digby, this property boasts a range of amenities nearby, including a park, playground, public transit, shopping facilities, and places of worship.

Offering a freehold ownership type, this property presents an excellent investment opportunity as an 8-unit income property. Each unit is self-contained and comprises two bedrooms, with four units on each level and dedicated parking spaces for all tenants. Currently, the building is fully occupied, with separate power meters and hot water tanks for each unit, allowing tenants to cover their own heating and electric bills. The property has undergone recent upgrades, including new windows in 2020 and new roof shingles in 2014. Additionally, two of the units have been completely renovated, while the remaining units have been well maintained. A sturdy shed with new doors and lighting is also available on the lower level.

It is important to note that the current income and expenses are based on the owner paying the power bills for all units. However, these figures would change significantly with tenants covering these costs.

Now available for sale, this property features a land size of 0.2273 acres and is located at 59 First Avenue in the city of Digby, Nova Scotia. The building exterior is finished with vinyl, and it is classified as an apartment type property.