Mark Burgess

Making Your Dreams Come True in the Annapolis Valley

  • Find Your Next Home
    Find Your Next Home
    Want an even more powerful MLS® search experience?
    Scroll down to find out how

8765-8773 COMMERCIAL Street
404-Kings County New Minas B4N 3C4

$975,000
Multi-Family built: 1956

Main Photo: 8765-8773 COMMERCIAL Street in New Minas: 404-Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 201927454
Photo 1: 8765-8773 COMMERCIAL Street in New Minas: 404-Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 201927454
Photo 2: 8765-8773 COMMERCIAL Street in New Minas: 404-Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 201927454
Photo 3: 8765-8773 COMMERCIAL Street in New Minas: 404-Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 201927454
Photo 4: 8765-8773 COMMERCIAL Street in New Minas: 404-Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 201927454
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
201927454
Year Built:
1956
Incredible investment property opportunity in the bustling village of New Minas. The 3 separate 2 storey buildings make up 16 units consisting of 6 one bedroom, 7 two bedroom and 3 bachelor, with large parking area, municipal water and septic, on bus route and within walking distance to all amenities the rapidly growing village New Minas has to offer. Close to Hwy 101 access and less than 5 minute drive to downtown Kentville. All three buildings have been well maintained and are currently fully rented.
From Exit 12 on Hwy 101 access New Minas turn left onto Commercial Street, and follow to civic
Listing Sub-Area:
404-Kings County
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Building Dimenions:
irregular
Lot Details:
4413, 4951, 15930 sq ft
Outside Dimenions:
irregular
Lot Size:
0.58 acre(s)
Prop Size:
0.5 to 0.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
16
Year built:
1956 (Age: 64)
Age:
63
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Block, Concrete
Basement:
Full, Partially Developed
Floor Finish:
Carpet, Hardwood, Laminate, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard, Hot Water
Fuel:
Electric, Oil
Garage Description:
None
Parking:
Yes
Parking Description:
large gravel parking lot in rear of building
Driveway:
Gravel, Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
2000.50
Sewer:
Municipal
Num Units:
16
Num Bachelor Units:
3
Num 1 Bed Units:
6
Num 2 Bed Units:
7
Num 3 Bed Units:
0
Num 4 Bed Units:
0
# Of Dishwashers:
0
# Of Dryers:
1
# Of Fridges:
16
# Of Microwaves:
0
# Of Stoves:
16
# Of Washers:
1
Rental Income:
Yes, 124546
Laundry Income:
1360
Approx. Net Income:
53886.63
Insurance Expense:
6312.00
Taxes Costs:
7201.00
Other Costs:
1265.00
Maintenace:
9500.35
Management expense:
13941.57
Snow / Garbage Collection:
3870.85
Heating Bill:
19863.35
Electricity Bill:
8061.78
Approx. Total Expense:
72020.40
Cable, Laundry, Power, Storage, Telephone
16 fridges, 16 stoves, washer and dryer leased from Coinomatic
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
Stove, Dryer, Washer, Refrigerator
Other
No
Assessment:
741200.0
Assessment Year:
2019
Zoning:
C1
Elementary School:
New Minas Elementary School
Middle School:
Evangeline Middle School
High School:
Horton High School
Possession Info:
Negotiable
Listed Date:
Days on Mkt:
  • Photo 1: 8765-8773 COMMERCIAL Street in New Minas: 404-Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 201927454
    Photo 1 of 4
  • Photo 2: 8765-8773 COMMERCIAL Street in New Minas: 404-Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 201927454
    Photo 2 of 4
  • Photo 3: 8765-8773 COMMERCIAL Street in New Minas: 404-Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 201927454
    Photo 3 of 4
  • Photo 4: 8765-8773 COMMERCIAL Street in New Minas: 404-Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 201927454
    Photo 4 of 4
Larger map options:
Listed by Exit Realty Town & Country
Data was last updated February 24, 2020 at 03:20 PM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$197,500
Min list price:
$105,000
Max list price:
$975,000
Avg days on market:
124
Min days on market:
5
Max days on market:
1,224
These statistics are generated based on the current listing's property type and located in 404-Kings County. Average values are derived using median calculations.

Get all the benefits below, by registering today. A better MLS search and advantage over other buyers and sellers.

Finding a home should be a joy

Mark Burgess
Direct: 902-690-7652
Office: 902-679-1177