Office Listings
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202510039
- Photos (47)
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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.
- From East River Temperance St, left on Forbes, left on James, property on the left.
- Listing Sub-Area:
- 106-New Glasgow, Stellarton
- Property Type:
- Multi-Family
- Multi-Family Type:
- 5 - 8 Unit
- Title To Land:
- Freehold
- Building Dimenions:
- Irr
- Lot Size:
- 16,431 sq. ft.
- Prop Size:
- Under 0.5 Acres
- # of Rental Units / Occupied:
- 5
- Exterior Finish:
- Aluminium Siding, Vinyl
- Foundation:
- Concrete, Stone
- Basement:
- Full, Undeveloped
- Floor Finish:
- Hardwood, Laminate, Linoleum
- Roof:
- Asphalt Shingle, Metal
- Heating:
- Baseboard, Furnace, Hot Water
- Fuel:
- Propane
- Parking:
- Yes
- Parking Description:
- Multiple
- Driveway:
- Gravel, Parking Spaces(s)
- Water Supply:
- Municipal
- Water And Sewage:
- $ 794.52
- Sewer:
- Municipal
- Num Units:
- 5
- Num Bachelor Units:
- 2
- Num 1 Bed Units:
- 3
- # Of Fridges:
- 5
- # Of Stoves:
- 5
- Rental Income:
- Yes, $ 45,310
- Approx. Net Income:
- $ 28,511.35
- Insurance Expense:
- $ 2100.00
- Taxes Costs:
- $ 4289.04
- Maintenace:
- 450.0
- Heating Bill:
- $ 6537.42
- Electricity Bill:
- 2627.43
- Approx. Total Expense:
- $ 16,798.41
- Approx. Total Income:
- $ 45,309.76
- Laundry
- 5 Refridgerators, 5 Stoves.
- Park, Public Transit, Shopping, Place of Worship
- Stove, Dryer, Washer, Refrigerator
- None
- None
- No
- Zoning:
- Res
- Possession Info:
- Immediate/Neg., subject to tenancy
- Elementary School:
- New Glasgow Academy
- High School:
- North Nova Education Centre
- Middle School:
- New Glasgow Academy
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5 Plex exterior -
Front Of Structure
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Aerial View
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Entrance Foyer
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Front Foyer
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Solid stairs to Apartments
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Apt 1 Bathroom
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Apt 1 Entrance
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Apt 1 Kitchen
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Apt 1 Eat-in Kitchen
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Apt 1 Eat-in Kitchen
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Apt 1 Living Room
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Apt 1 Living Room
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Apt 2 Bathroom
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Apt 2 Bedroom
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Apt 2 Hallway
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Apt 2 Kitchen
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Apt 2 Eat-in kitchen
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Apt 2 Living Room
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Apt 3 Entrance
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Apt 3 Bedroom
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Apt 3 Kitchen
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Apt 3 Kitchen
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Apt 3 Kitchen
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Apt 3 Living Room
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Apt 3 Bathroom
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Apt 4 Bathroom
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Apt 4 Kitchen
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Apt 4 - Bachelor Apt
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Apt 5 Bathroom
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Apt 5 Kitchen
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Apt 5 Bachelor Apt
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Apt 5 Bachelor
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Apt 5 entrance
-
Aerial View
-
Aerial View
-
Aerial View
-
Aerial View
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Front Of Structure
-
Front Of Structure
-
Side Of Structure
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Side Of Structure
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Apt 1 Floor Plan
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Apt 2 floor plan
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Apt 3 floor plan
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Apt 4 floor plan
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Apt 5 floor plan
Listed by EXP Realty of Canada Inc. and RE/MAX Nova (Halifax)
Data was last updated July 11, 2025 at 11:20 AM (UTC)
Area Statistics
- Listings on market:
- 25
- Avg list price:
- $319,000
- Min list price:
- $70,000
- Max list price:
- $890,000
- Avg days on market:
- 85
- Min days on market:
- 6
- Max days on market:
- 912
These statistics are generated based on the current listing's property type
and located in
106-New Glasgow, Stellarton. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- CHUCK GROOCOCK
- RE/MAX NOVA
- 1 (902) 233-5834
- Contact by Email
