Overview
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.
Contact us about this listing & It's History
Neighborhood Information
Wolfville, NS
Wolfville, a small town in the Annapolis Valley, Nova Scotia, provides a unique blend of urban charisma and rural charm. Surrounded by picturesque agricultural landscapes, extensive vineyards, and the worlds highest tides in the Bay of Fundy, the town is a haven for outdoor enthusiasts and wine lovers. It's home to Acadia University, adding a youthful buzz and vibrant cultural scene to the mix. Wolfville's downtown area boasts an array of boutiques, galleries, fine dining, and the renowned Wolfville Farmers Market.
However, the town's small size might not suit everyone, as job opportunities can be limited. But the community spirit, natural beauty, and proximity to Halifax for city amenities largely outweigh the cons.
85
Wolfvilles small-town charm, natural beauty, and vibrant community make it a desirable place to live compared to other towns in Nova Scotia. Its high quality of life and proximity to Halifax also contribute to its appeal. The overall city score is 85.
Search Nearby Activities80
Wolfville's schools, like Horton High School and Wolfville School, have a solid reputation for delivering quality education. Compared to other towns in Nova Scotia, Wolfville holds its own with a school score of 80.
Search Nearby Schools85
Wolfville's entertainment scene is vibrant with the Acadia University's cultural events, a local theatre, numerous festivals, and the Wolfville Farmers Market. Its entertainment score is 85.
Search Nearby Restaurants90
For outdoor activities, theres no shortage of options. From hiking in Cape Split to bird watching in the nearby wildlife reserves, and exploring the many vineyards, Wolfville scores a solid 90 in outdoor activities.
Walk Score - 70%About Your Relator®
Jessica Mugford
Meet Jessica Mugford, a dynamic and enthusiastic Realtor® based in the heart of Sydney, NS. Born and raised in this picturesque coastal city, Jessica brings a deep-seated passion and a comprehensive understanding of the local market to her role. Her journey in real estate began at RE/MAX Park Place, where she served as an administrative professional specializing in contract review. This experience has provided her with invaluable insights into the industry, enhancing her expertise in managing real estate transactions with finesse.
Jessica's love for travel has broadened her perspective, allowing her to appreciate diverse lifestyles and housing needs, making her an ideal advisor for clients seeking to navigate the complexities of the real estate market. Coupled with her exceptional customer service skills, Jessica is committed to offering personalized and effective real estate solutions.
With deep rooted entrepreneurial ties to the community, Jessica has the foresight to recognize independent real estate opportunities, propose growth strategies and guide her clients through effective and efficient closing processes.
With Jessica Mugford, you can expect nothing less than a professional, tailored approach.
Phone: (902) 322-1684
Email: jessicamugford@remax.net
Office: Sydney
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Estimated Monthly Payment:
Monthly mortgage and property tax payments are estimates for which we bear no responsibility.
Homeowners could also be subject to mortgage insurance premiums, homeowners insurance premiums, and other costs.
Property Details
| On Market Date | 2025-05-08T19:13:40.9 |
| Status | ACTIVE |
| Price | $1,285,000.00 |
| Year Built | 1907 |
| Neighborhood | Annapolis Valley |
| Location | Lat: 45.088607, Lng: -64.362125 |
| Square Feet | 0.00 |
| Lot Size | 17,760.00 |
| Parking Features | Multiple Parking for Tenants |
| Appliances | Stove,Dishwasher,Dryer,Washer,Refrigerator |
| Heating | Baseboard,Ducted Cooling,Furnace,Heat Pump -Ducted,Heat Pump -Ductless,Ductless Cooling |
| Cooling | Baseboard,Ducted Cooling,Furnace,Heat Pump -Ducted,Heat Pump -Ductless,Ductless Cooling |
| Sewer | Municipal |
| Interior Features | Air Conditioning,Cable,Power,See Remarks |
| Roof | Asphalt Shingle |
| Flooring | Hardwood,Laminate |
| Lot Features | 17760 |
| Community Features | Park,Playground,Public Transit,Recreation Center,School Bus Service,Shopping |
| Association Fee | 0.00 |
| Listing Office Name | 1170 |
| Listing Agent | Rob Graves |
| Listing Agent Contact | agent.rgraves@gmail.com |
| MLS® | 202510355 |
No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.