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Investment signal

$409,900

423 - 425 Canaan Avenue

Beds

—

Baths

—

Sqft

—

Year

1977

Location

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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
Structure: Duplex
Community: Highbury
Common interest: Freehold
Lot size: 0.47 acres
Lot dimensions: 0.4744
On market: Apr 14, 2026
Status changed: Apr 14, 2026
Photos: 31
MLS#: 202607312
Area: HIGHBURY

Features and systems

Parking

Parking Space(s)Gravel

Basement

FinishedFullWalk out

Appliances

WasherRefrigeratorStoveDryer

Exterior

Vinyl

Flooring

LaminateCarpeted

Foundation

Concrete Perimeter

Community

School Bus

Negative cash flow ~$512/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-7.49%

Cap rate

4.39%

GRM

14.2

Break-even rent

$2,939

Financing

Down payment$81,980

Loan amount$327,920

Mortgage$2,012/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$188

Insurance$80

Maintenance$342

CapEx reserve$171

Vacancy loss$120

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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Highbury. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,012/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

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.