A rare offering along the heart of the Annapolis Royal waterfront. Situated directly in the vibrant commercial core, this versatile multi-use 3-unit building offers an unbeatable combination of reliable commercial and residential revenue with direct water access and boardwalk fronting. The main level features a thriving, inviting, and high-visibility retail storefront benefiting from steady downtown foot traffic. Tucked quietly behind on the main floor is a beautifully renovated 1-bedroom apartment boasting commanding basin views, a charming private garden space, and step-out access to the iconic boardwalk. Upstairs, a light-filled 2-bedroom residence showcases an expansive living area that opens seamlessly to a massive private deck - perfect for entertaining against a backdrop of panoramic tides and unforgettable maritime sunsets. Newly installed Marvin windows enhance the architectural appeal while offering energy efficiency, character and superior craftsmanship. Anchored by a solid concrete foundation with a dry basement, this cherished property offers turn-key performance, exceptional long-term versatility, and a signature address in one of Nova Scotia’s most historic coastal communities. Whether you're growing a portfolio, running a boutique business, or seeking an enviable coastal live/work lifestyle, this property delivers endless flexibility in a world-class location.
On St George Street head towards the downtown/wharf, civic #223, can't be missed
Listing Sub-Area:
Annapolis County
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
(40 x 18) + (37 x 14)
Lot Size:
8,385 sq. ft.779 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
Yes
# of Rental Units / Occupied:
3
Year built:
1884
(Age: 142)
Age:
142
Exterior Finish:
Wood Siding
Foundation:
Concrete
Basement:
Full
Floor Finish:
Cork, Hardwood, Laminate, Softwood
Roof:
Rolled
Heating:
Baseboard, Heat Pump -Ductless, Stove
Fuel:
Electric, Propane
Driveway:
None
Water Supply:
Municipal
Water Type:
Salt Water
Sewer:
Municipal
Num Units:
3
Num 1 Bed Units:
1
Num 2 Bed Units:
1
# Of Fridges:
2
# Of Stoves:
2
# Of Washers:
1
Rental Income:
3010
Approx. Net Income:
26073
Insurance Expense:
2748
Taxes Costs:
4599
Other Costs:
820 (oil)
Management expense:
1880
Approx. Total Expense:
10047
Approx. Total Income:
3010
Golf Course, Park, Public Transit, School Bus Service, Shopping, Marina, Place of Worship, Beach
Listed by RE/MAX Banner Real Estate(Annapolis Royal)
Data was last updated October 22, 2026 at 07:20 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$494,950
Min list price:
$219,900
Max list price:
$1,425,000
Avg days on market:
138
Min days on market:
13
Max days on market:
804
These statistics are generated based on the current listing's property type
and located in
Annapolis County. Average values are
derived using median calculations. This data is not produced by
the MLS® system.