220 James Street (MLS® 202510039)
Summary
- MLS ®:
- 202510039
- Price:
- $329,900
- Status:
- Active
- District:
- 106
- Zoning:
- Res
- Property Type:
- 5-8 Units
- Title To Land:
- Freehold
Income
- Approx. Total Income:
- $ 45,309.76
- Approx. Net Income:
- $ 28,511.35
- Income Details:
- Call 902-499-7886
Expenses
- Approx. Total Expenses:
- $ 16,798.41
- Maintenance Expense:
- $ 450.00
- Water & Sewage Expense:
- $ 794.52
- Insurance Expense:
- $ 2100.00
- Tax Costs:
- $ 4289.04
- Electricity Bill:
- 2627.43
- Heating Bill:
- $ 6537.42
- Expense Details:
- Call 902-499-7886
Property Overview
220 James Street, New Glasgow (MLS® 202510039): 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.
Listing Courtesy of: EXP Realty of Canada Inc. From East River Temperance St, left on Forbes, left on James, property on the left. Laundry Park, Public Transit, Shopping, Place of Worship 5 Refridgerators, 5 Stoves. None Directions
Building Specs.
Garage & Parking
Features
Community Features
Schools
Inclusions
Rental Equipment
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