Our Office Listings

162 Jones Road
404-Kings County New Minas B4N 3N4

$649,000
Multi-Family

Main Photo: 162 Jones Road in New Minas: 404-Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202128571
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202128571
Great business investment awaits. This building contains 5 apartments, home to some long-term tenants. There are 3 one-bedroom units and 2 two-bedroom and a coin operated laundry area which grosses approx. $56000.00/yr. The large full basement is currently being rented for an additional $6000/yr. The seller is willing to enter into a 1-2 yr. rental lease for part or full basement usage. This building sits on an acre of land, with the possibility for future development.
Listing Sub-Area:
404-Kings County
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
Irregular
Lot Details:
43995.6
Outside Dimenions:
Irregular
Lot Size:
1.01 acre(s)
Prop Size:
0.5 to 0.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
5
# Floors:
1
Exterior Finish:
Masonite/Colour Lock, Vinyl
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Ceramic, Hardwood, Laminate, Linoleum
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Garage Description:
Detached
Parking:
Yes
Parking Description:
Large front paved
Driveway:
Gravel, Paved
Water Supply:
Municipal
Water And Sewage:
922.32
Sewer:
Municipal
Num Units:
5
Num 1 Bed Units:
3
Num 2 Bed Units:
2
# Of Fridges:
5
# Of Stoves:
5
Rental Income:
Yes, 54650.00
Laundry Income:
1200.00
Other Income:
6000.00
Approx. Net Income:
36989.78
Insurance Expense:
3300.00
Taxes Costs:
3400.00
Maintenace:
1200.0
Snow / Garbage Collection:
500.00
Electricity Bill:
15337.90
Approx. Total Expense:
25860.22
Approx. Total Income:
61850.00
Air Conditioning, Cable, Heat/Air Exchange, Laundry, Power, Telephone
2 coin operated washers, 2 coin operated dryers.
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
Range, Dryer, Washer, Refrigerator
None
Shed
No
Assessment:
265800.0
Assessment Year:
2021
Zoning:
M1
Elementary School:
New Minas Elementary School
Middle School:
Evangeline Middle School
High School:
Horton High School
Possession Info:
Negotiable
  • Photo 1: 162 Jones Road in New Minas: 404-Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202128571
    Photo 1 of 1
Listed by Mark Burgess of Exit Realty Town & Country
Data was last updated December 3, 2021 at 01:20 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$404,900
Min list price:
$115,000
Max list price:
$995,000
Avg days on market:
42
Min days on market:
2
Max days on market:
204
These statistics are generated based on the current listing's property type and located in 404-Kings County. Average values are derived using median calculations.
PETE DOOKS
KAREN DOOKS