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:4069)
Address
220 James Street
List Price
$329,900
Property Type
Multi-family
Type of Dwelling
Apartment
Transaction Type
sale
Area
Nova Scotia
Sub-Area
New Glasgow
Lot Size
0.3772 Sq. Ft.
MLS® Number
202510039
Listing Brokerage
EXP Realty of Canada Inc.
| RE/MAX Nova (Halifax)
Basement Area
Full (Unfinished)
Postal Code
B2H2Z1
Site Influences
Park, Public Transit, Shopping, Place of Worship
