8 Iona Road, Wolfville
A short walk to downtown Wolfville, this updated duplex offers an excellent opportunity for investors or owner-occupants. The lower 3-bedroom unit is currently rented for $2,400/month, providing immediate rental income, while the extensively updated upper unit is vacant and ready for an owner-occupant or new tenant. The property sits on a large lot with a spacious yard, offering plenty of room for gardening, outdoor play, or entertaining. The majority of updates since 2021 have been completed in the upper unit, including updated flooring, bathroom improvements, kitchen countertops, fresh paint, modern light fixtures, custom blinds, and appliances less than three years old. It also features a new heat pump, pellet stove, and large rear deck overlooking the yard. The bright upper unit offers 2 bedrooms, spacious living room, large eat-in kitchen, generous laundry room with excellent storage, and an oversized bathroom accessible from the primary bedroom and hallway. The bathroom features a freestanding tub and separate shower. The upper unit can also be purchased fully furnished (upper unit only). The lower unit offers 3 bedrooms and has received bathroom updates and various cosmetic improvements. With $2,400/month in current rental income, this unit provides a strong starting point for investors, while the vacant upper unit offers additional income potential. A newly paved driveway provides parking for multiple vehicles, including three cars side-by-side. Separate power meters allow each unit to pay its own electricity and utility costs, helping simplify management and reduce operating expenses. Located just minutes from shops, restaurants, amenities, and Acadia University, this property offers strong rental appeal. Live in the upper unit while collecting $2,400/month below, or rent both units to maximize income potential. (id:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 8 Iona Road, Wolfville
- Type
- Multi-family
- Lot Size
- 0.2961
- Parking
- Paved Yard
- Heating
- Heat Pump, Baseboard heaters, Stove, Electric, Pellet, Ductless
- Cooling
- Air Conditioned
- Exterior
- Vinyl
- Ownership
- Freehold
Nearby Listings Stat
Estimated price and comparable properties near 8 Iona Road
Active Listings
24
Min Price
$74,999
Max Price
$1,200,000
Avg Price
$640,683
Days on Market
97
days
Sold Listings
7
Min Sold Price
$309,900
Max Sold Price
$874,500
Avg Sold Price
$653,329
Days until Sold
113
days
Neighbourhood Census Data
Wolfville, Nova Scotia / Nouvelle-Écosse
Population
525
Median Age
44.2
Median Income
$31,680
Dwelling Value
$300,570
Housing Tenure
Owners 48%
Renters 54%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2
Pop. Density: 1,017.8/km²
Avg Shelter Cost: $1,006/mo
Owners with Mortgage: 41.7%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 42.9%
English only: 85.7%
English and French: 13.3%
Neither: 1%
Median Household Income: $57,664
Median Employment Income: $22,784
Price History
Listed
June 10, 2026
by MacKay Real Estate Ltd.
Current Price
$599,000
-4% from last change
Type
Multi-family
For Sale
Price Changes
3
| Date | Price | Change |
|---|---|---|
| Current | $599,000 | $25,000 (-4%) |
| Aug 10, 2026 | $624,000 | $21,000 (-3.3%) |
| Jul 20, 2026 | $645,000 | $40,000 (-5.8%) |
| Jun 19, 2026 | $685,000 | Listed |
