A unique five-unit income property in the heart of Annapolis Royal, offering flexibility for investors or owner-occupiers looking to offset living expenses with rental income. Fully occupied with an established rental history, the property includes a spacious three-bedroom residence plus four self-contained one-bedroom apartments. The four apartments are positioned separately toward the rear of the building, providing separation from the main residence. Updates have been completed throughout the units over time, including flooring and bathroom improvements. Furnishings may be included based on inventory attached to each lease. Established tenants, a history of low vacancy, strong revenue and low operating costs provide a solid foundation for continued rental income, with financial information available for review. The three-storey residence offers a custom kitchen with quartz countertops and near-new appliances, formal dining room, two living areas, renovated bathrooms, private owner’s laundry and generous storage. Original woodwork, maple floors, arched bay windows, 10-foot ceilings and a Victorian staircase add distinctive character. Additional features include seven ductless heat pumps, a generator panel, municipal water and sewer, separate coin-operated laundry for tenants, paved multi-unit parking and attached storage. Directly across from the Annapolis Royal Historic Gardens and just two blocks from the waterfront, shops, restaurants, galleries, museums, trails and amenities are all within walking distance. Whether you’re seeking an established investment or a spacious home where four rental units can help offset expenses, this property offers income potential, flexibility and an exceptional central Annapolis Royal location.