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224-238 Gabriel Road
homes for sale · Falmouth
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$2,145,000

224-238 Gabriel Road

Falmouth · MLS® 202619224

Condo · Multi-family · built 2013 · 85 days on market

listed by Christine Brennan, Engel & Volkers (Wolfville)

realtor's description

Exceptional Duplex Rental Portfolio - Introducing a premier 8-unit rental portfolio on desirable Gabriel Road in Falmouth. The package consists of 4 PIDs, each with a quality-built detached duplex featuring a spacious 3-bed, 1-bath upper unit paired with a versatile 2-bed+den, 1-bath lower unit. Thoughtfully-designed, functional layouts offer private entries, ample parking, and inviting outdoor spaces including front and rear decks.  The interiors showcase beautiful finishes throughout, large eat-in kitchens, open living spaces and expansive windows that provide abundant natural light. Practical touches include large bathrooms with laundry and over-sized utility closets for extra storage.  The naturally sloping lot allows for full walk-outs that keep the lower units bright and airy year-round.  Duplex living consistently attracts high-quality tenants and families drawn to the privacy, yard space and convenience over larger apartment complexes.  Proximity to excellent schools, local shopping, groceries, cafes and essential services ensures everyday convenience, along with easy access to the local sports complex and hospital in Windsor. Quick highway access also makes Halifax a manageable commute, broadening the appeal for stable tenant acquisition for years to come. These properties are professionally managed and meticulously maintained, providing a turn-key income-producing asset with quality tenants on a mix of fixed-term and month-to-month leases. Plus, the contiguous nature of this portfolio delivers powerful economies of scale, reducing property management costs, maintenance logistics and landscaping expenses compared to scattered holdings.   Properties of this nature and calibre rarely become available. This is an ideal acquisition for investors seeking a substantial multi-family portfolio in a single transaction all with the long-term flexibility of multiple PIDs.

property details

similar homes nearby

type
Condo, Multi-family
parking
0
year built
2013
days on market
85
MLS®
202619224

features

  • School Bus
  • Recreational Facilities

monthly cost

$9,346/mo
Mortgage $9,346

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment
$9,346/ monthly
loan $1,716,000
25-year amortization
total interest
$1,087,668
cash to close
$429,000
down payment; transfer tax and fees not included
total paid
$2,803,668

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

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listed by
Christine Brennan
Engel & Volkers (Wolfville)
call Christine · 902-402-6678
Powered by: REALTOR.ca
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location

FalmouthGoogle Maps ↗

location

FalmouthGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

nothing comparable on the market right now.