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:57557)
| MLS® Number | 202510039 |
| Property Type | Multi-family |
| Community Name | New Glasgow |
| Amenities Near By | Park, Public Transit, Shopping, Place Of Worship |
| 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 |
| Gravel | |
| Parking Space(s) |
| 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
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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