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$329,900
Est. payment /mo
0.38 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision New Glasgow
MLS® Listing ID 202510039
Lot Size 0.377 Acres
Acres 0.3772
Property Sub-Type Freehold
Source Nova Scotia Association of REALTORS®
Property Description
Solid investment opportunity in downtown New Glasgow. This updated 5-unit property at 220 James St. currently offers an 8.6% cap rate, with potential to reach 12% at market rents. Just minutes from the Aberdeen Hospital and all amenities, the property includes 2- bachelor units and 3- one-bedroom units perfect for investors or owner-occupants looking to live in one unit and have the others cover the mortgage - live rent free! Recent updates include new flooring in the common areas (2025), a new propane boiler (2025), fresh paint in Units 3 and 4 as well as shared spaces, a rebuilt overhang above the basement stairs, and new front steps with improved fire escape railings. Located close to amenities in the heart of town. A great addition to any portfolio or a smart first step into real estate investment. (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Flooring Hardwood, Laminate, Linoleum
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by EXP Realty of Canada Inc.