$409,900
423 - 425 Canaan Avenue
Beds
—
Baths
—
Sqft
—
Year
1977
About this home
This well-maintained side-by-side duplex offers the perfect blend of country living and financial opportunity. Located on a quiet street just minutes from Kentville, the property features a peaceful rural setting with quick access to all town amenities. The building is designed for privacy, consisting of one comfortable two-bedroom unit and one generous three-bedroom unit. Supported by a drilled well and private septic system, the property is in good repair and well-suited for long-term utility. Currently generating $36,000 in gross annual revenue, this asset is occupied by quality tenants. It serves as a versatile investment, ideal for a professional portfolio or an owner-occupant looking to live in one side while the rental income significantly offsets the mortgage. This is a rare, turnkey opportunity to acquire a high-performing property in the heart of the Annapolis Valley. (id:65958)
- Subtype
- Multi-family
- Lot size
- 0.47 acres
- MLS#
- 202607312
- Area
- HIGHBURY
Cash on cash
-7.49%
Cap rate
4.39%
GRM
14.2
Break-even rent
$2,939
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: 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 14, 2026.