Property Description

Location, location, location! Known as 'The Gables' this beautiful, historic (early to mid 1800s) stately four-plex with curb appeal offers the finest apartments in high-demand Annapolis Royal. This wonderful, classic building has stately curb appeal and presence, quietly set back from St. George Street. Fully occupied with consistent quality rental history due to sought-after character-filled apartments. Adjacent to the Health Centre, on Valley bus route, sidewalk into downtown, nearby trails, it boasts lush plantings, good paved parking for tenants and guests on the spacious lot featuring lawns, old stone walls and a semi-circular drive. Heavy lifting done: entire new roof (2023), exterior paint (2024) with new shutters. Additionally, there is significant upward room in the current rental ceiling. Averaging ~1100 sqft per unit each apartment enjoys windows on 3 sides, a generous living room, bedrooms and centre hall giving each the feel of home; all suites 2-bedroom plus den/office/family/ or dining room. All units boast gleaming real hardwood floors, a handsome fireplace (non-functional). Many upgrades: vanities, LED with track and pot lighting, fire alarm system, thermal entrance doors, vinyl windows throughout. Most rooms freshly painted. This is a PRIME building in a PRIME location! Easy walking distance to school, Historic Gardens, churches, restaurants/cafes/bakeries, museums, pool, tennis courts, library, farmers markets, the Community Hub, theatre, walking trails, amphitheatre, and all other amenities offered in historic & vibrant Annapolis Royal. Fibre-op internet is available. A very special investment opportunity to carry forward 'The Gables' honoured legacy. Renovated owners suite with Ikea kitchen open to family room. You could even live in one of the apartments if you're lucky enough that one becomes available! Fully occupied, well-maintained. Mix of annual and monthly leases at new owners option. (id:7434)