42 Highway 330 Barrington Passage, Nova Scotia B0W 1G0
$725,000
An outstanding opportunity to acquire a high-performing waterfront investment property (10% Cap rate) offering stable cash flow, an exceptional location, and significant long-term upside. This well-maintained 6-7 unit mixed-use building occupies a premier waterfront setting with unobstructed ocean views while being just steps from shopping, restaurants, services, and public transit - an ideal combination that supports both commercial success and strong residential occupancy. The property is anchored by an established commercial tenant occupying both ground-floor units, providing dependable income and reducing leasing risk. Above, five spacious one-bedroom residential suites generate consistent rental revenue, with each waterfront-facing apartment featuring a private balcony overlooking the ocean - a highly sought-after amenity that encourages strong tenant demand, premium rents, and excellent tenant retention. Additional income generated through coin-operated laundry, while the on-site parking lot is a valuable asset that enhances convenience for both commercial and residential tenants. A live-in superintendent is currently in place and may be retained, offering seamless day-to-day property management for investors seeking a hands-off ownership experience. With its balanced mix of commercial and residential income this property offers diversification that helps reduce investment risk while benefiting from multiple revenue streams. Opportunities to acquire quality waterfront income properties of this calibre are increasingly rare, making this an ideal addition to an investment portfolio or a strategic long-term hold. A CAP reate of just over 10% is particularly attractive in today's market, reflecting strong cash flow relative to the purchase price and providing investors with an excellent balance of immediate income. (id:45785)
Property Details
| MLS® Number | 202616313 |
| Property Type | Multi-family |
| Community Name | Barrington Passage |
| Amenities Near By | Park, Playground, Shopping, Place Of Worship, Beach |
| Community Features | School Bus |
| Structure | Shed |
| View Type | Ocean View |
| Water Front Type | Waterfront On Ocean |
Building
| Basement Type | None |
| Constructed Date | 1999 |
| Cooling Type | Air Conditioned |
| Exterior Finish | Concrete Siding, Wood Siding |
| Flooring Type | Carpeted, Laminate, Tile |
| Foundation Type | Concrete Slab |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Heat Pump, Ductless |
| Type | Apartment |
| Utility Water | Drilled Well |
Parking
| Parking Space(s) | |
| Paved Yard |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Shopping, Place Of Worship, Beach |
| Sewer | Septic System |
| Size Irregular | 0.2811 |
| Size Total | 0.2811 Ac |
| Size Total Text | 0.2811 Ac |
https://www.realtor.ca/real-estate/29980409/42-highway-330-barrington-passage-barrington-passage
Contact Us
Contact us for more information
Tina Williamson
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629 Main Street, Suite 1
Mahone Bay, Nova Scotia B0V 2E0
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July 02 2026 06:52:29
Nova Scotia Association of REALTORS®
Royal LePage Atlantic (Mahone Bay)