There is no favorite listings!

Residential Income For Sale

0.27 Acre - 521/523 George Street, New Waterford, NS B1H 4E2

QR Code
Property Description

521/523 George Street – Turnkey Investment Opportunity This side-by-side duplex is a cash-flowing investment property with solid upgrades and strong rental income. Each unit offers 3 spacious bedrooms and 1 bathroom, making it ideal for families or long-term tenants. Key Financials: Monthly Rental Income: $2,646 Property Taxes: $185/month Insurance: $195/month Water: $100/month Utilities: Paid by tenants (electricity and heating oil) With tenants covering major utilities and minimal operating expenses, this property boasts a 12% cap rate — well above the local market average of 7%, as reported by the owner. Property Features: Separate power and water meters for each unit Two new furnaces installed within the last two years Two new hot water tanks (also within two years) Appliances included: Fridge and stove in each unit This is a turnkey investment with updated systems and reliable income. Whether you’re a seasoned investor or looking to enter the market, 521/523 George Street offers excellent returns with room to grow.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 202517460
Price : C$199000
Year Built : 1912
Lot Area : 0.27 Acre
Status : Active
Listing Status : ACTIVE
Property Sub Type : Duplex
Roof : Asphalt
Features
Heating System : Baseboard, Furnace, Radiator, In Floor
Basement : Crawl Space
Parking : Driveway, Parking Spaces(s), Dirt
Sewer : Municipal
Flooring : Carpet, Vinyl, Laminate
Appliances
Appliances : Refrigerator, Stove
Address Map
Location Text : 521/523 George Street, New Waterford, NS B1H 4E2
County : Cape Breton
City : New Waterford
Postal Code : B1H 4E2
Street : George
Street Number : 521/523
Street Suffix : Street
Longitude : W61° 55' 11''
Latitude : N46° 14' 42.4''
Directions : King St to Beaton to George
Mls Area Major : 204-New Waterford
Zoning : UR2
Property Details
Price Per SQFT : $ 0
Search Price : $ 0
Office Name : VALMAC REALTY LTD. - 16139
Agent Name : Sheila O'Neil-Mckinnon
Sales History
Previous Price : $ 0
Original Price : $ 0
Selling Price : $ 0
Neighborhood Details
:
Additional Information
Water Source : Municipal
Number Of Units Total : 2
Lot Features : Under 0.5 Acres
Foundation Details : Block, Concrete Perimeter, Perimeter Wall
Construction Materials : Wood Siding
Community Features : Recreation Center, School Bus Service, Shopping, Place of Worship, Near Public Transport
Listing Information
List Agent Mls Id : N119426
List Office Mls Id : N15091
Mls Status : ACTIVE
Modification Timestamp : 2025-07-13T14:03:17Z
Originating System Name : NSAR
Residential Income For Sale
  • Listing ID : 202517460
  • Lot Area : 0.27 Acre
  • Visits : 7 in 3 days
C$199000
Agent info
Mortgage Calculator
C$
C$ %
years
%
C$ %per year
C$ %per year

C$
Contact Agent
 
Style Selector
Select the layout
Choose the theme
Preset colors
No Preset
Select the pattern