ScotianAtlas
MapFOR SALE · 144DMLS® 202607312 · PID 55183552

423-425 Canaan Avenue

Whole multi-unit property$409,900
BEDS · BATHS5SQUARE FEETNot measured$ / SQFTNot measuredASSESSED 2026$279,600
LISTED BYPaul Wear · RE/MAX Banner Real Estate(Annapolis Royal)
1WHAT IT ISPHOTOS AND THE FACTS THAT DECIDE
PHOTOSMLS® MEDIA © LISTING BROKERAGE
ON THE RECORDRELISTED · 144D SHOWN, 144D TRUEMLS® HISTORY
THE PHYSICAL RECORDMLS® + PVSC
Beds5
Lot20,665 sqft lot
Built1977
Style1 Storey Duplex
ABOUT THIS HOMETHE LISTING BROKERAGE’S OWN WORDS

This well-maintained side-by-side duplex offers the perfect blend of country living and financial opportunity. Located on a quiet street just minutes from Kentville, the property features a peaceful rural setting with quick access to all town amenities. The building is designed for privacy, consisting of one comfortable two-bedroom unit and one generous three-bedroom unit. Supported by a drilled well and private septic system, the property is in good repair and well-suited for long-term utility. Currently generating $36,000 in gross annual revenue, this asset is occupied by quality tenants. It serves as a versatile investment, ideal for a professional portfolio or an owner-occupant looking to live in one side while the rental income significantly offsets the mortgage. This is a rare, turnkey opportunity to acquire a high-performing property in the heart of the Annapolis Valley.

2WHAT IT IS WORTHGOVERNMENT RECORD · 11 YEARS · NO ESTIMATE
ASSESSMENT RECORDPVSC · 2022–2026 · GOVERNMENT RECORD, NOT AN ESTIMATE
2022$122,1002023$193,6002024$223,1002025$264,5002026$279,600

Five most recent assessment years held — the full depth of the published PVSC roll. Nothing is withheld by tier here: no account or membership opens a longer series.

HISTORYREGISTRY SALES OPEN TO EVERYONE · MLS® EVENTS FROM 2026
APR 13 2026Listed for sale$409,900MLS® 202607312
AUG 16 2021Sold$250,000REGISTRY OF DEEDS
MAY 13 2016Sold$115,000REGISTRY OF DEEDS
VALUE & TAXESPVSC · GOVERNMENT RECORD
Assessed market · 2026$279,600
Taxable (capped)$141,200
Cap shelter+$138,400
Est. property tax · 2026$1,204/yr

Taxed on $141,200 of a $279,600 assessment — $138,400 sheltered by the NS assessment cap, at $0.853 per $100.

ASSESSMENT IN CONTEXTPVSC · GOVERNMENT RECORD
Highbury median · 2026$337,800
This property$279,600 — below the community median
Change 2025 → 2026+$15,100 (+5.7%)

2026 assessments in Highbury run $83,720 to $491,420 (10th–90th percentile, 85 properties). Position within the distribution is a fact of the roll, not an opinion of value.

3WHAT IT COSTS TO OWNARITHMETIC ON PUBLISHED RATES — NOT A QUOTE
OWNING THIS HOME · 20% DOWN · 5% · 25 YRCOMPUTED FROM GOVERNMENT RECORDS · NOT A VALUATION
MONTHLY, ALL IN$2,106MORTGAGE $1,907 · TAX $199/MO
TAX, YEAR ONE$2,385+$1,181 — THE CAP RESETS
CASH TO CLOSE$88,129DOWN $81,980 · DTT $6,149

ARITHMETIC ON PUBLISHED RATES — NOT A QUOTE, NOT ADVICE · LEGAL FEES AND ADJUSTMENTS ARE EXTRA AND NOT ON RECORD · SNS DEED-TRANSFER LIST JULY 2026

Listed by Paul Wear · RE/MAX Banner Real Estate(Annapolis Royal) · MLS® data © Nova Scotia Association of REALTORS®.NOTHING HERE IS PAID PLACEMENT

https://www.scotianatlas.com/listing/202607312 · Retrieved Sep 4, 2026 · NOT A LEGAL SURVEY