220 James Street New Glasgow, Nova Scotia B2H 2Z1
$329,900
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:45785)
Property Details
| MLS® Number | 202510039 |
| Property Type | Multi-family |
| Community Name | New Glasgow |
| Amenities Near By | Park, Public Transit, Shopping, Place Of Worship |
Building
| Appliances | Stove, Dryer, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Exterior Finish | Aluminum Siding, Vinyl |
| Flooring Type | Hardwood, Laminate, Linoleum |
| Foundation Type | Concrete Perimeter, Stone |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Gravel | |
| Parking Space(s) |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Shopping, Place Of Worship |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.3772 |
| Size Total | 0.3772 Ac |
| Size Total Text | 0.3772 Ac |
https://www.realtor.ca/real-estate/28270197/220-james-street-new-glasgow-new-glasgow
Contact Us
Contact us for more information
Tina Parker
(902) 407-4131
www.tinaparker.ca/
https://www.instagram.com/staging_realtor/
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1959 Upper Water Street, Suite 1301
Halifax, Nova Scotia B3J 3N2
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May 07 2025 03:51:50
Nova Scotia Association of REALTORS®
Exp Realty Of Canada Inc., RE/MAX Nova (Halifax)