Our Office Listings

59 First Avenue
Digby County Digby B0V 1A0

$525,000
Multi-Family built: 1987

Main Photo: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 1: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 2: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 3: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 4: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 5: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 6: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 7: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 8: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
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Photo 10: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 11: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 12: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 13: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 14: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
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Photo 16: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 17: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 18: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
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Photo 20: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 21: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 22: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 23: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 24: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 25: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 26: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 27: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 28: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 29: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 30: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Photo 31: 59 First Avenue in Digby: Digby County Multi-Family for sale (Annapolis Valley)  : MLS®# 202315874
Status:
Pending
Prop. Type:
Multi-Family
MLS® Num:
202315874
Year Built:
1987
Investors take note! This is an 8-unit income property in a lovely, residential area in the heart of Digby, second street up from the waterfront. All 8 units are 2-bedroom self-contained units with their own parking space, 4 on each level, and the building is currently fully occupied. The building offers separate power meters and hot water tanks for each unit, such that tenants could pay their own heating/electric bill. The building was upgraded with all new windows in 2020 and new roof shingles in 2014. Two of the units have been completely renovated and the remainder have been well maintained. There is a sturdy 18’ x 8’ shed with new doors and lighting on the lower level that comes on when it senses sun down. Please note that current income/expenses reflect current owner paying power bills for all units. These numbers would change significantly with tenants paying those bills.
Listing Sub-Area:
Digby County
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
71 x 40
Outside Dimenions:
71 x 40
Lot Size:
9,901.188 sq. ft.
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
8
Year built:
1987 (Age: 37)
Age:
36
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Fully Developed, Walkout
Floor Finish:
Carpet, Laminate, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Parking:
Yes
Parking Description:
Large lot with ample parking
Driveway:
Multiple Driveways, Paved
Water Supply:
Municipal
Water And Sewage:
$1,598
Sewer:
Municipal
Num Units:
8
Num 2 Bed Units:
8
# Of Dryers:
1
# Of Fridges:
8
# Of Stoves:
8
# Of Washers:
1
Rental Income:
Yes, $68,820
Laundry Income:
$1,200
Approx. Net Income:
$38,909
Insurance Expense:
$3,520
Taxes Costs:
$7,376
Management expense:
$5,107 including snow removal
Heating Bill:
$11,170 including electricity
Approx. Total Expense:
$28,771
Approx. Total Income:
$70,020
Laundry
8 fridges, 8 stoves, 1 washer, 1 dryer.
Park, Playground, Public Transit, Recreation Center, Shopping, Place of Worship
Stove, Dryer, Washer, Refrigerator
None
Shed
No
First Avenue, Digby. Civic #59, units 1-8
Zoning:
General Development
Listed Date:
Jul 31, 2023
Days on Mkt:
299
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Data was last updated May 25, 2024 at 03:20 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$293,500
Min list price:
$199,000
Max list price:
$1,700,000
Avg days on market:
199
Min days on market:
4
Max days on market:
548
These statistics are generated based on the current listing's property type and located in Digby County. Average values are derived using median calculations.
Christeen Chiasson, REALTOR®