An exciting opportunity for both investors and first-time buyers, this property features a duplex and a detached single-family home on the same lot, right in the heart of town. It's ideal for buyers who want to live in one unit while renting out the others to help cover expenses, or for investors looking to add a solid income-producing property to their portfolio. The property is currently generating $5,080 per month in rental income. Unit 260 is a one-bedroom rented for $1,400 per month on a fixed-term lease. Unit 262 is a three-bedroom unit renting for $1,640 per month, also on a fixed-term lease. Unit 266 is a three-bedroom detached home bringing in $2,040 per month on a month-to-month lease with a three-month notice. All tenants pay their own utilities except for water. Located within walking distance to everything in town, this property also offers ample parking around back, which is a rare find in this area. The buildings are structurally sound and currently cash flowing, giving you the flexibility to make cosmetic updates over time without urgency. This is a smart investment in a strong rental market with room to grow.
Located directly on Gerrish street access to parking lot via shared driveway between 260 Gerrish (Red Building) and neighboring vacant lot.
Listing Sub-Area:
Hants County
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
40x18 + 29x20
Lot Size:
6,050 sq. ft.562 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
3
Foundation:
Concrete
Basement:
Undeveloped
Floor Finish:
Laminate, Softwood, Tile, Vinyl Plank
Roof:
Asphalt Shingle
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Parking:
Yes
Parking Description:
Parking behind buildings accessed via shared driveway
Data was last updated December 2, 2025 at 07:20 PM (UTC)
Area Statistics
Listings on market:
49
Avg list price:
$499,000
Min list price:
$125,000
Max list price:
$2,500,000
Avg days on market:
110
Min days on market:
7
Max days on market:
491
These statistics are generated based on the current listing's property type
and located in
Annapolis Valley. Average values are
derived using median calculations. This data is not produced by the MLS® system.