220 James Street, New Glasgow, (MLS® 202510039) RE/MAX nova
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220 James Street, New Glasgow

0 sqft
$329,900 For Sale

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.

Listing Details

Address
220 James Street, New Glasgow, B2H 2Z1
Status
ACTIVE
Listing Price
$329,900
MLS®
202510039
Type
n/a
Style
---
PID
00940361
Water
Municipal
Sewer
Municipal
Utilities
---

Building Specifications

Foundation Type
Concrete,Stone
Roof
Asphalt Shingle,Metal
Exterior Finish
Aluminium Siding,Vinyl
Flooring
Hardwood,Laminate,Linoleum

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  • RE/MAX nova
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Listing Courtesy of EXP Realty of Canada Inc.

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Garage & Parking

Garage
N
Details
---

Inclusions & Exclusions

Inclusions
5 Refridgerators, 5 Stoves.

Sales History

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Demographic Data

Demographic data is based on the dissemination area that contains the listing parcel . Dissemination Areas are small areas composed of one or more neighbouring dissemination blocks. All of Canada is divided into dissemination areas. Data source: Environics Analytics via ArcGIS Online, 2021

Population Size

484

Median Age

43.6

Avg Household Size

1.7

Avg House Income

$50K

Age of Residents

The number of people for each age range.

How the population of this area is expected to change.

The highest level of education obtained by people within this area.

Marital Status

The maritial status of the people in this area.

Household Income

The average household income within this area.

Ownership

The number of people that rent versus own.

Construction Date

When the buildings in the area were constructed.

Children At Home

The number of children at home for the given age ranges.

Occupation

The occupations of the people living here.

Tax Assessment

Year Amount % Change
2024 $233,100 ---
2023 $241,000 ---
2022 $140,900 ---
2021 $137,900 ---
2020 $140,400 ---
2019 $146,400 ---
2018 $143,200 ---
2017 $144,600 ---
2016 $143,600 ---
2015 $127,500 ---
2014 $125,000 ---
2013 $118,900 ---
2012 $118,900 ---

Maps

Mortgage Inquiries

If you have any questions regarding financing for this listing, or if you would like to get pre-approved for a mortgage, please contact:

Badr Rached

Badr Rached

Mortgage Alliance

Badr Rached

(902) 719-9115
Last Updated On: 5/7/2025 2:01:00 PM (UTC)
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