Just a short walk to downtown Wolfville, this updated up/down duplex presents an excellent opportunity for investors or owner-occupants seeking mortgage/rental income. Situated on a large lot with a spacious yard, there's plenty of room for gardening, outdoor play, or entertaining. Extensively updated since 2021, both units have benefited from significant cosmetic improvements, including updated bathrooms, fresh paint, modern light fixtures, custom blinds, new appliances, all less than three years old. The upper unit also features a new heat pump, pellet stove, and durable vinyl plank flooring throughout most living areas. The bright upper-level unit offers 2 bedrooms, a spacious living room, a large eat-in kitchen with ample cabinet space and natural light, a generous laundry room with excellent storage, and an oversized bathroom accessible from both the primary bedroom and hallway. The bathroom features a freestanding tub, separate shower, and plenty of room for busy mornings. The upper unit also enjoys a large rear deck overlooking the yard and also can come fully furnished (UPPER UNIT ONLY). The lower unit offers a similar layout with 3 bedrooms. The area beneath the upper laundry room serves as the lower-level bathroom, while the space corresponding to the large upper bathroom has been configured as an additional bedroom, creating a functional and desirable three-bedroom unit. A newly paved driveway provides parking for multiple vehicles, with space for three cars side-by-side. Separate power meters allow tenants to pay their own electricity and utility costs, helping reduce operating expenses and simplify management. Located just minutes from shops, restaurants, amenities, and Acadia University, this property offers strong rental appeal. The upper unit is an owner-occupied arrangement and could offer additional revenue potential if rented at full market occupancy. This is a turnkey investment in the Valley's most sought-after community, don't miss out!
From Main Street, turn onto Gaspereau Avenue, turn left onto Iona, property on left
Listing Sub-Area:
Kings County
Property Type:
Multi-Family
Multi-Family Type:
Duplex
Title To Land:
Freehold
Building Dimenions:
40' x 32'
Lot Size:
12,898 sq. ft.1,198 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
2
Year built:
1996
(Age: 30)
Age:
30
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Fully Developed, Walkout
Floor Finish:
Carpet, Laminate, Linoleum, Tile, Vinyl Plank
Roof:
Asphalt Shingle
Heating:
Baseboard, Heat Pump -Ductless, Stove
Fuel:
Electric, Pellet
Garage Description:
None
Parking:
Yes
Parking Description:
Paved, double or triple wide
Driveway:
Double, Paved
Water Supply:
Municipal
Water And Sewage:
UNIT A- $547.63 UNIT B-$584.61
Sewer:
Municipal
Num Units:
2
Num 2 Bed Units:
1
Num 3 Bed Units:
1
# Of Dishwashers:
0
# Of Dryers:
2
# Of Fridges:
2
# Of Microwaves:
0
# Of Stoves:
2
# Of Washers:
2
Rental Income:
3450 MONTH
Laundry Income:
0
Other Income:
0
Insurance Expense:
1353.71
Taxes Costs:
4863.38
Management expense:
0
Electricity Bill:
UNIT A- $2346 UNIT B- $3891
Approx. Total Income:
41,400 YEAR
Air Conditioning, Apt Conforming, Dining Room, Ensuite Bath, Laundry, Main Flr Fam Rm, Power, Storage, Telephone
Fridge x2, Stove x2, Washer x2, Dryer x2, Shed x2, Furniture in UPPER UNIT ONLY
Primary bedroom- two dressers, tv, Book shelf, Chest. Kitchen- Bar stand. Livingroom- TV
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
Data was last updated June 11, 2026 at 09:20 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$525,000
Min list price:
$225,000
Max list price:
$2,435,000
Avg days on market:
59
Min days on market:
1
Max days on market:
510
These statistics are generated based on the current listing's property type
and located in
Kings County. Average values are
derived using median calculations. This data is not produced by
the MLS® system.