A short walk to downtown Wolfville, this updated duplex offers an excellent opportunity for investors or owner-occupants. The lower 3-bedroom unit is currently rented for $2,400/month, providing immediate rental income, while the extensively updated upper unit is vacant and ready for an owner-occupant or new tenant. The property sits on a large lot with a spacious yard, offering plenty of room for gardening, outdoor play, or entertaining. The majority of updates since 2021 have been completed in the upper unit, including updated flooring, bathroom improvements, kitchen countertops, fresh paint, modern light fixtures, custom blinds, and appliances less than three years old. It also features a new heat pump, pellet stove, and large rear deck overlooking the yard. The bright upper unit offers 2 bedrooms, spacious living room, large eat-in kitchen, generous laundry room with excellent storage, and an oversized bathroom accessible from the primary bedroom and hallway. The bathroom features a freestanding tub and separate shower. The upper unit can also be purchased fully furnished (upper unit only). The lower unit offers 3 bedrooms and has received bathroom updates and various cosmetic improvements. With $2,400/month in current rental income, this unit provides a strong starting point for investors, while the vacant upper unit offers additional income potential. A newly paved driveway provides parking for multiple vehicles, including three cars side-by-side. Separate power meters allow each unit to pay its own electricity and utility costs, helping simplify management and reduce operating expenses. Located just minutes from shops, restaurants, amenities, and Acadia University, this property offers strong rental appeal. Live in the upper unit while collecting $2,400/month below, or rent both units to maximize income potential.
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 September 11, 2026 at 11:20 PM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$499,000
Min list price:
$285,000
Max list price:
$2,250,000
Avg days on market:
120
Min days on market:
3
Max days on market:
602
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.