Historic 1901 Shafner Building in the heart of downtown Bridgetown offers a rare combination of commercial and residential income in a landmark property that has been taken down to the exterior walls and completely rebuilt. The main floor delivers over 2,000 sq ft of freshly renovated retail space with a staff room, washroom, and storage area - a versatile canvas suited to a wide range of business uses in a high-traffic, high-visibility location with exceptional street presence. Four upper-floor apartments provide steady monthly rental income to offset carrying costs from day one. The full rebuild included all many new systems and energy-efficient heat pumps throughout, with half the roof replaced and remaining roofing materials included at closing. Exterior brickwork requires correction and has been reflected heavily in the asking price, representing a genuine value opportunity for a buyer prepared to complete the work. A 16' x 22' storage building, on-site parking, and an adjoining public parking lot round out the package. For investors or owner-operators looking for a high-profile Annapolis Valley address with immediate income, updated mechanicals, and a piece of Bridgetown history, this building is hard to overlook.
Highway 101 Exit 20 to Downtown Bridgetown; Queen St.
Listing Sub-Area:
Annapolis County
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
TBV
Lot Size:
5,384 sq. ft.500 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
Yes
# of Rental Units / Occupied:
4
Year built:
1901
(Age: 125)
Age:
125
Exterior Finish:
Brick
Foundation:
Concrete
Basement:
Full, Undeveloped
Floor Finish:
Laminate, Vinyl, Other
Roof:
Asphalt Shingle
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Parking:
Yes
Parking Description:
public lot adjoining, street, and onsite
Driveway:
Paved
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
4
Num 1 Bed Units:
4
# Of Fridges:
4
# Of Stoves:
4
Rental Income:
Yes, 41400
Approx. Net Income:
19,828
Insurance Expense:
4718
Taxes Costs:
8090
Electricity Bill:
8764
Approx. Total Income:
41400
Air Conditioning, See Remarks
Appliances, Materials to complete roof (North+East Sides)
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship, Beach
Data was last updated May 10, 2026 at 11:20 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$499,900
Min list price:
$348,500
Max list price:
$1,200,000
Avg days on market:
52
Min days on market:
5
Max days on market:
639
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.