18 Gaspereau Avenue

Key facts

• Property type: Multi-family
• Structure: Fourplex
• Transaction: For Sale
• Price: $549,900
• Lot size: 0.1607
• Listing key: 29687732

Listing overview

Exceptional income potential meets strategic development upside in the heart of the Acadia University student housing district in the historic downtown of Wolfville. This prime location fourplex offers a rare combination of immediate stability and long term growth within Wolfville's high demand rental market. The property consists of two spacious two bedroom units and two efficient bachelor units, all benefiting from a remarkable track record of zero vacancies over the past 26 years. Financial performance is robust with 2025 gross rents at $56,820 and 2025 Net Operating Income (NOI) of $43,728. The building is highly efficient with electric baseboard and ductless mini split heating. Each unit is individually metered and paid for by the tenants. While currently providing stable cash flow, the in place rents sit below market, offering a clear path to increased NOI through natural turnover...