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Residential Income For Sale

0.38 Acre - 220 James Street, New Glasgow Ns B2h 2z1

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Property Description

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.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 202510039
Price : C$329900
Bedrooms : 3
Lot Area : 0.38 Acre
Status : Active
Listing Status : ACTIVE
Property Sub Type : Multi Family
Roof : Asphalt, Metal
Features
Heating System : Baseboard, Hot Water, Furnace
Basement : Full, Unfinished
Parking : Gravel, Parking Spaces(s)
Utilities : Propane
Sewer : Municipal
Laundry Features : Laundry
Flooring : Laminate, Hardwood, Linoleum
Appliances
Appliances : Dryer, Refrigerator, Washer, Stove
Address Map
Location Text : 220 James Street, New Glasgow Ns B2h 2z1
County : Pictou
City : New Glasgow
Postal Code : B2H 2Z1
Street : James
Street Number : 220
Street Suffix : Street
Longitude : W63° 21' 22.9''
Latitude : N45° 35' 8.2''
Directions : From East River Temperance St, left on Forbes, left on James, property on the left.
Mls Area Major : 106-New Glasgow, Stellarton
Zoning : Res
Neighborhood
Middle School : New Glasgow Academy
High School : North Nova Education Centre
Elementary School : New Glasgow Academy
Property Details
Price Per SQFT : $ 0
Search Price : $ 0
Office Name : EXP Realty of Canada Inc.
Agent Name : Tina Parker
Sales History
Previous Price : $ 0
Original Price : $ 0
Selling Price : $ 0
Neighborhood Details
:
Additional Information
Water Source : Municipal
Number Of Units Total : 5
Lot Features : Under 0.5 Acres
Foundation Details : Concrete Perimeter, Stone
Construction Materials : Vinyl Siding, Aluminum Siding
Community Features : Park, Shopping, Place of Worship, Near Public Transport
Listing Information
Co List Agent Full Name : Colin Crawford
Co List Agent Mls Id : N16896
Co List Office Mls Id : N14769
Co List Office Name : RE/MAX Nova (Halifax)
List Agent Mls Id : N98562
List Office Mls Id : N19025
Mls Status : ACTIVE
Modification Timestamp : 2025-05-07T17:28:57Z
Originating System Name : NSAR
Residential Income For Sale
  • Listing ID : 202510039
  • Bedrooms : 3
  • Lot Area : 0.38 Acre
  • Visits : 1 in 2 days
C$329900
Agent info
Cowan-Smith Team
128 Chain Lake Drive
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