$735,000
789-791 Saint George Street
Beds
—
Baths
—
Sqft
—
Year
1870
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Annapolis Royal. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
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:65958)
- Subtype
- Multi-family
- Structure
- Fourplex
- Community
- Annapolis Royal
- Common interest
- Freehold
- Lot size
- 0.62 acres
- Lot dimensions
- 0.6153
- On market
- Aug 9, 2024
- Status changed
- Apr 17, 2026
- Photos
- 35
- MLS#
- 202419153
- Area
- ANNAPOLIS_ROYAL
Features and systems
Parking
Basement
Appliances
Exterior
Flooring
Foundation
Community
Cash on cash
-6.72%
Cap rate
3.52%
GRM
16.7
Break-even rent
$4,542
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.